Broadcom shares are trading higher after Truist Securities maintained a Buy rating on the stock and raised its price target from $204 to $205. Also, Cantor Fitzgerald maintained an Overweight rating on the stock and raised its price target from $200 to $225.
Portfolio Pulse from Benzinga Newsdesk
Broadcom shares are trading higher following positive analyst actions. Truist Securities maintained a Buy rating and slightly increased its price target, while Cantor Fitzgerald maintained an Overweight rating and significantly raised its price target.
October 08, 2024 | 7:33 pm
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POSITIVE IMPACT
Broadcom's stock is experiencing a positive impact due to analyst upgrades. Truist Securities raised its price target slightly, while Cantor Fitzgerald made a more substantial increase, indicating strong confidence in the stock's potential.
The increase in price targets by both Truist Securities and Cantor Fitzgerald suggests a positive outlook for Broadcom. The significant raise by Cantor Fitzgerald from $200 to $225 indicates strong confidence in the company's future performance, likely driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100