Why Broadcom Stock Topped the Market on Friday

An analyst bumped his price target higher on the company.Investor sentiment on tech stocks drove many of those titles higher on Friday. This included Broadcom (AVGO +3.18%), whose profile has risen thanks to its cutting-edge artificial intelligence (AI) chips. The company was swept up in the bullish trend, which was bolstered by an analyst's price target raise on its stock. A 2% move made a differenceThe raiser was Truist Securities's William Stein, who made an upward adjustment to his Broadcom target to $5 ...