- Piper Sandler analyst Harsh Kumar reiterated an Overweight rating on Broadcom Inc AVGO with a $750 price target after hosting management for an investor meeting. The price target implies an upside of 40.4%.
- The analyst is “feeling increasingly confident” about trends in 2022, given the recent acceleration in hyper-scale and cloud orders, the visibility provided by lead times, and the continued momentum in enterprise and telco spending.
- He likes the Broadcom share setup and says investors should consider the company as a core holding in the current environment.
- Price Action: AVGO shares closed lower by 1.37% at $534.14 on Tuesday.
If you are not using this trading strategy, you are leaving money on the table…
If you are blindly looking up and trading stocks the way 99% of traders are, you are missing on HUGE potential returns. Even new traders who started following this option trading strategy instantly began seeing returns they wouldn’t have had otherwise. With even two trades per month with this strategy, you will start seeing the difference in your trading account. Don’t waste any more time “guessing” and “getting lucky”. Click Here to See if you Qualify for Benzinga Options!
For today only, we are gifting away our Benzinga Options Starter newsletter for only $7. This includes two heavily researched trades per month from lead trader, Nic Chahine. For the same cost of a cup of coffee, less than the cost of a Netflix subscription and less than the average order at McDonalds you will receive top tier education and winning trade alerts to maximize your portfolio returns. This also includes a 14 day full money-back guarantee if you cancel. There is absolutely no risk! Click Here Now to Get Started!