Why Broadcom Stock Edged Higher on Friday
Chip company (NASDAQ: AVGO) finished the trading week on a high, with its share price closing the day with a 1.5% gain. A price target raise from an analyst tracking the stock played a large part in that improvement. The company's rise essentially matched that of the S 500 (SNPINDEX: ^GSPC).
That price target bump came from Piper Sandler's Harsh Kumar, who changed his fair-value assessment on Broadcom stock to $315 per share from the preceding $300. Kumar remains a Broadcom bull, as he maintained his overweight (i.e., buy) recommendation on the shares.
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Source Fool.com
Broadcom Ltd. Stock
€258.00
0.920%
The stock is an absolute favorite of our community with 85 Buy predictions and no Sell predictions.
As a result the target price of 262 € shows a slightly positive potential of 1.55% compared to the current price of 258.0 € for Broadcom Ltd..
