Broadcom (AVGO) Sees Pre-Market Gains After Barclays Raises Pric

On Friday, Broadcom (AVGO, Financial) experienced a pre-market surge of over 2%, with its stock price reaching $235.23. This uptick follows an optimistic assessment from Barclays analyst Thomas O’Malley, who maintained a “buy” rating on the stock. Additionally, O’Malley increased the price target for Broadcom from $205 to $260, reflecting a positive outlook for the company’s future performance.