Barclays Maintains Overweight on Broadcom, Raises Price Target to $1500
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on Broadcom (NASDAQ:AVGO) and increased the price target from $1405 to $1500.
April 17, 2024 | 1:03 pm
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Barclays has maintained an Overweight rating on Broadcom and raised the price target from $1405 to $1500.
The upgrade in price target by a reputable analyst like Tom O'Malley at Barclays is a strong positive signal for Broadcom. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100