Wells Fargo Analysts Boost Microsoft and Broadcom to Buy

Two technology giants, Microsoft (MSFT) and Broadcom (AVGO), have received bullish sentiments from analysts at Wells Fargo.

Michael Turrin maintained a Buy rating on Microsoft with a price target of $700.00, citing the company's strong performance in the cloud computing sector. The current analyst consensus is Strong Buy, with a price target consensus of $568.31, implying a 13.7% upside from current levels.

Aaron Rakers also assigned a Buy rating to Broadcom, with a price target of $545.00. He highlighted the company's strong revenue growth and expanding customer base in the semiconductor sector. The analyst consensus on Broadcom is currently Strong Buy, with an average price target of $509.00, representing a 37.7% upside from current levels.