JP Morgan Maintains Overweight on Broadcom, Raises Price Target to $2000
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur maintains an Overweight rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1700 to $2000.
June 13, 2024 | 2:19 pm
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POSITIVE IMPACT
JP Morgan analyst Harlan Sur maintains an Overweight rating on Broadcom and raises the price target from $1700 to $2000, indicating strong confidence in the company's future performance.
The increase in the price target from $1700 to $2000 by a reputable analyst at JP Morgan suggests a strong positive outlook for Broadcom's future performance. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100