Goldman Sachs Maintains Buy on Broadcom, Raises Price Target to $1550
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Buy rating on Broadcom (NASDAQ:AVGO) and increased the price target from $1325 to $1550.
March 11, 2024 | 1:07 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Broadcom and raises the price target to $1550.
The upgrade in price target by a reputable analyst like Goldman Sachs typically signals a strong bullish outlook on the stock, suggesting potential upside. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100