Rosenblatt Upgrades Broadcom Price Target to $2,400 with Buy Rating

Thursday, 11 July 2024, 23:15

Rosenblatt has raised the price target for Broadcom (AVGO) to $2,400 from $1,650, emphasizing a Buy rating. The new target reflects bullish sentiment on the company's growth prospects, aligning with fiscal 2026 estimates. Investors may view this as a positive signal for Broadcom’s stock performance.

Rosenblatt Boosts Broadcom Price Target

Rosenblatt analysts have increased the price target for Broadcom (AVGO) from $1,650 to $2,400, reinforcing the Buy rating on the stock.

Bullish Outlook on Growth Potential

The enhanced price target signifies optimism about Broadcom's growth prospects, in line with fiscal 2026 estimates.

Investor Implications

  • Positive Sign: Investors could interpret the higher target as a bullish indicator for Broadcom's stock.
  • Strategic Move: Rosenblatt's action may influence investment decisions and market sentiment towards AVGO.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe