In a report published Friday, Morgan Stanley analyst Joseph Moore reiterated an Overweight rating on Broadcom Corporation BRCM, and raised the price target from $47.00 to $50.00.
In the report, Morgan Stanley noted, “We continue to like Broadcom stock. With non GAAP EPS now including stock comp expense, the stock is much less expensive than peers on comparable accounting, with prospects for a pickup in networking and broadband and limited headwind in connectivity. Remain Overweight, PT from $47 to $50.”
Broadcom closed on Thursday at $41.31.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in