Barclays Reinstates Overweight on Broadcom, Announces $1405 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley reinstated Broadcom (NASDAQ:AVGO) with an Overweight rating and set a price target of $1405.

March 20, 2024 | 4:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Barclays analyst Tom O'Malley reinstated Broadcom with an Overweight rating and a $1405 price target.
The reinstatement of an Overweight rating by a major financial institution like Barclays, combined with a high price target, typically signals strong confidence in the company's future performance. This can lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100