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Leo Miller

Jefferies Raises Broadcom Price Target to $315: 19% Upside Ahead

Broadcom Blayne Curtis Jefferies AVGO MarketBeat

Broadcom (NASDAQ: AVGO) just got a new price target that signals significant upside ahead for the stock. On Monday, Blayne Curtis of Jefferies reiterated his buy rating on the chip giant and boosted his price target from $300 to $315. As of the July 1 close, Broadcom trades at just under $265 per share.

Meanwhile, the MarketBeat consensus price target on Broadcom is just over $281. This average target implies only around 6% upside in shares. However, Curtis is significantly more optimistic. His new target suggests Broadcom could rise three times more, implying nearly 19% upside.

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