UBS Maintains Buy on Broadcom, Raises Price Target to $1735
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri maintains a Buy rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1610 to $1735.
June 13, 2024 | 3:16 pm
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UBS analyst Timothy Arcuri has maintained a Buy rating on Broadcom and increased the price target from $1610 to $1735, indicating strong confidence in the company's future performance.
The raised price target from $1610 to $1735 by UBS suggests a positive outlook for Broadcom's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100