Citigroup Maintains Buy on Broadcom, Raises Price Target to $1560
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Danely maintains a Buy rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1100 to $1560, indicating a positive outlook on the company's stock.

March 11, 2024 | 4:08 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup raises Broadcom's price target from $1100 to $1560 while maintaining a Buy rating, showing strong confidence in the company's future performance.
The increase in price target by a significant margin from $1100 to $1560 by Citigroup, coupled with the maintenance of a Buy rating, suggests a strong bullish outlook on Broadcom. This is likely due to positive evaluations of the company's financial health, market position, or future growth prospects. Such a substantial adjustment in price target can influence investor sentiment positively, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100