Baird Maintains Outperform on Broadcom, Raises Price Target to $1500
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Tristan Gerra has maintained an Outperform rating on Broadcom (NASDAQ:AVGO) and increased the price target from $1265 to $1500, indicating a positive outlook on the company's stock.
March 11, 2024 | 11:43 am
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Baird analyst Tristan Gerra has reaffirmed an Outperform rating on Broadcom and raised the price target from $1265 to $1500.
The increase in price target by Baird reflects a strong confidence in Broadcom's future performance. This endorsement from a reputable analyst is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100