Broadcom jumps 9%, extending record run as Goldman expresses 'higher conviction'
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Broadcom's stock surged 9% after Goldman Sachs raised its price target from $190 to $240, expressing higher conviction in the company's outlook. This follows Broadcom reaching a $1 trillion market cap last week.
December 16, 2024 | 6:45 pm
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Broadcom's stock surged 9% after Goldman Sachs raised its price target from $190 to $240, expressing higher conviction in the company's outlook. This follows Broadcom reaching a $1 trillion market cap last week.
The increase in Broadcom's stock price is directly linked to Goldman Sachs raising its price target and expressing higher conviction in the company's outlook. This positive analyst rating is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100