Oppenheimer Maintains Outperform on Broadcom, Adjusts Price Target To $200 from $2000 (10-for-1 Stock Split)
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Rick Schafer maintains an Outperform rating on Broadcom (NASDAQ:AVGO) and adjusts the price target to $200 from $2000, reflecting a 10-for-1 stock split.
July 16, 2024 | 5:58 pm
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Oppenheimer maintains an Outperform rating on Broadcom and adjusts the price target to $200 from $2000, reflecting a 10-for-1 stock split.
The maintenance of an Outperform rating by Oppenheimer is a positive signal for investors. The adjustment of the price target to $200 from $2000 is due to a 10-for-1 stock split, which generally makes the stock more accessible to a broader range of investors, potentially increasing demand and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100