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
Whoopi Goldberg accuses bakery of declining order due to her political beliefs
Whoopi Goldberg has claimed a bakery refused to make her birthday treats because of her political views but the company in question have insisted that isn't the case.
BANG Premier
BANG Premier
‘I’m a convert’: how the Golden Yolker changed my mind about eggs
As a former picky eater, eggs were firmly on my ick list. Now they’re on my shopping list every week – but as with all of the other foods I’ve come around to lately, quality matters
The Guardian - UK
The Guardian - UK
Missing gold panner rescued after two nights in California forest
Panner went to get water for friend and got lost, police say, and helicopter crew spotted his campfire on cliff days later
The Guardian - US
The Guardian - US
Scientists detect “DNA of the universe”
Physicists say they detected a double helix in the fabric of spacetime
Salon
Salon
44 Home Features That Were The Height Of Luxury Back Then But Now Are Obsolete
Netizens went down memory lane, recalling home features that were once considered fancy but are now obsolete, or illegal. The post 44 Home Features That Were The Height Of Luxury Back Then But Now Are Obsolete first appeared on Bored Panda.
Bored Panda
Bored Panda
Are Sean ‘Diddy’ Combs’ Victims Being Silenced? Ray J Claims So
Diddy's long time friend and collaborator has spoken out against the rapper's actions
Marie Claire - AU
Marie Claire - AU
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play