Barclays Maintains Overweight on Broadcom, Raises Price Target to $2000
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley maintains an Overweight rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1500 to $2000.
June 13, 2024 | 2:45 pm
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Barclays analyst Tom O'Malley maintains an Overweight rating on Broadcom and raises the price target from $1500 to $2000, indicating strong confidence in the company's future performance.
The increase in the price target from $1500 to $2000 by Barclays, along with the maintained Overweight rating, suggests strong confidence in Broadcom's future performance. This is likely to positively impact the stock price in the short term as investors react to the bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100