Rosenblatt Just Raised Its Price Target on Broadcom (AVGO) Stock

Broadcom (NASDAQ:AVGO) stock is on the move Thursday after the price target for its shares was increased by analysts at Rosenblatt.Rosenblatt analyst Hans Mosesmann increased the firm’s price target for AVGO stock from $1,650 per share to $2,400 per share. That represents a 37.6% premium over the stock’s previous closing price. It’s also well above the analysts’ consensus price estimate of $1,706.37 per share.With this new price target, the Rosenblatt analyst maintains his “buy” rating for AVGO stock. That ...