Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Piper Sandler Sees Sharp Upside In This Chipmaker

Piper Sandler AVGO Broadcom Broadcom Inc Harsh Kumar
  • Piper Sandler analyst Harsh Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ: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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
TikTok promotes birth control misinfo
Social media's role in contraception stigma is concerning amid abortion restrictions enacted post-Roe, doctors say
Salon
Salon
Human exclamations of pain are similar across the world, new study reveals
We all know what words we might shout out when we stub a toe or touch something hot. For those of us who speak English, it’s probably “ouch”.
The Conversation
The Conversation
The circus that bought a tiny California town: ‘We’re creating our own Disneyland’
Nipton sat neglected for years until Las Vegas’s Spiegelworld turned it into a circus haven
The Guardian - US
The Guardian - US
Brad Pitt swears by this luxurious De'Longhi coffee machine for perfect hot and cold foam beverages – and it's reduced for a limited time
The actor's beloved coffee machine was called one of the best of the year by our coffee editor – now, it's on sale for Black Friday
Homes & Gardens
Homes & Gardens
Keira Knightley Revisits "Trauma" of Being Accused of Having an Eating Disorder
"I'll suddenly have a very bodily memory of it because, ultimately, it's public shaming."
Marie Claire
Marie Claire
Keira Knightley recalls ‘public shaming’ she felt amid claims she had an eating disorder
‘It’s obviously part of my psyche, given how young I was,’ she recalls about the eating disorder claims
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play