Home Market News Insightful Analyst Proclaims Over 20% Upside Potential for Broadcom – A Beacon Amidst the Market’s Woes

Insightful Analyst Proclaims Over 20% Upside Potential for Broadcom – A Beacon Amidst the Market’s Woes

0
Insightful Analyst Proclaims Over 20% Upside Potential for Broadcom – A Beacon Amidst the Market’s Woes

Friday saw a downtrend for U.S. stocks following the release of February’s job data. The S&P 500 closed the week 0.26% lower, while the Dow slipped 0.93%, marking a somber end to the week.

In the vast jungle of Wall Street analysts pushing daily stock picks, discerning the gems from the rubble can be a Herculean task. Amidst the noise and chaos, investors find themselves adrift, clinging to fragments of advice like flotsam in a stormy sea.

Benzinga’s Analyst Ratings API represents a treasure trove of insight, a lighthouse in the tempest of stock picks. Unveiled by diligent data crafters at Toggle.ai, the API unveils a secret pathway: using analyst wisdom from Benzinga Pro and Benzinga can potentially outmaneuver the stock market’s elusive currents.

Seeking Stock Purity: Across the financial landscape, Benzinga beckons, offering voyagers an opportunity to navigate the treacherous waters of analyst ratings. Sorting by accuracy, traders can navigate this vast ocean and uncover the latest gold coins of wisdom from the five most precise analysts in Wall Street’s pantheon, as acclaimed by Benzinga’s esteemed Analyst Stock Ratings.

Analyst: Chris Caso

  • Analyst Firm: Wolfe Research
  • Ratings Accuracy: 87%
  • Latest Rating: With unwavering confidence, this seer maintained an Outperform rating on the titanic Marvell Technology, Inc. MRVL. On March 8, 2024, the price target ascended from $70 to $90, foreseeing over 20% upside for the company.
  • Recent News: On March 7, Marvell Technology unveiled fourth-quarter financial results, accompanied by tempered first-quarter guidance.

Analyst: Mark Kelley

  • Analyst Firm: Stifel
  • Ratings Accuracy: 87%
  • Latest Rating: Holding firm, this sage maintained a Hold rating on Nexxen International Ltd. NEXN. The price target surged from $4 to $5.5 on March 7, 2024, envisioning a modest 4% growth.
  • Recent News: On March 6, Nexxen International dazzled the market with its upbeat quarterly performance.

Analyst: William Stein

  • Analyst Firm: Truist Securities
  • Ratings Accuracy: 87%
  • Latest Rating: A voice of authority, this visionary reiterated a Buy rating on the illustrious Broadcom Inc. AVGO. March 8, 2024, saw the price target soar from $1,240 to $1,566, prophesying over 20% potential growth.
  • Recent News: On March 7, Broadcom unveiled quarterly earnings of $10.99 per share, outshining the analyst consensus estimate and boasting a 6.39% increase over last year’s $10.33 per share.

Analyst: Keith Hughes

  • Analyst Firm: Truist Securities
  • Ratings Accuracy: 87%
  • Latest Rating: Holding steadfast, this hero maintained a Buy rating on the enigmatic Ferguson plc FERG. March 6, 2024, witnessed the price target surge from $197 to $230, prophesying a striking 14% leap.
  • Recent News: On March 5, Ferguson delineated second-quarter financial results, falling short of expectations.

Analyst: Shrenik Kothari

  • Analyst Firm: Baird
  • Ratings Accuracy: 87%
  • Latest Rating: Holding an unwavering torch, this luminary maintained an Outperform rating on the formidable CrowdStrike Holdings, Inc. CRWD. On March 6, 2024, the price target surged from $281 to $350, heralding a promising 9% upside.
  • Recent News: On March 5, CrowdStrike announced a 33% year-over-year rise in fourth-quarter revenue to $845.34 million, surpassing the consensus estimate of $839.04 million.

 

Read More: CommScope Holding And 3 Other Stocks Under $2 Insiders Are Buying