Truist Securities Reiterates Buy on Broadcom, Raises Price Target to $1566
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has reiterated a Buy rating on Broadcom (NASDAQ:AVGO) and increased the price target from $1240 to $1566.
March 08, 2024 | 2:13 pm
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Truist Securities has reaffirmed its Buy rating on Broadcom and raised its price target from $1240 to $1566.
The increase in price target by Truist Securities suggests a strong confidence in Broadcom's future performance. This endorsement from a reputable analyst is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100