Bullish Analysts Boost Salesforce and Broadcom with Price Targets
Two analysts have shared their bullish views on Salesforce (CRM) and Broadcom (AVGO), according to Tipranks. Brian White from Monness has maintained a Buy rating on Salesforce with a price target of $266.00, citing the company's strong performance in the Technology sector.
Salesforce shares closed last Monday at $253.08, while the analyst consensus suggests a Moderate Buy rating for the stock with an average price target of $269.14, representing a 5.2% upside from current levels. Mizuho Securities also maintained a Buy rating on Salesforce with a $265.00 price target.
On the other hand, Stacy Rasgon from Bernstein has maintained a Buy rating on Broadcom, with a price target of $575.00, reflecting a Strong Buy consensus with an average price target of $519.21 and a 48.5% upside from current levels. Jefferies also maintained a Buy rating on Broadcom with a $550.00 price target.
Both analysts have impressive track records, with White boasting a 17.8% average return and Rasgon achieving a 32.1% average return.