Cantor Fitzgerald Maintains Overweight on Broadcom, Adjusts Price Target To $200 (10-1 Stock Split)
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst C J Muse maintains an Overweight rating on Broadcom (NASDAQ:AVGO) and adjusts the price target to $200 from $2000 due to a 10-1 stock split.
July 17, 2024 | 6:44 pm
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Cantor Fitzgerald maintains an Overweight rating on Broadcom and adjusts the price target to $200 from $2000 due to a 10-1 stock split.
The maintenance of an Overweight rating and the adjustment of the price target to reflect the 10-1 stock split are positive signals for investors. The stock split makes shares more accessible to a broader range of investors, potentially increasing demand and positively impacting the stock price in the short term.
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