Why Investors Were Sweet on Stock-Split Stock Broadcom Today [Yahoo! Finance]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Yahoo! Finance
That, at least, is the view of one enthusiastic researcher tracking the chipmaker's shares. On news of it granting Broadcom its top pick for 2025 status, investors pushed the stock's value up by more than 1% on Friday. Meet the new No. 1 Jefferies is the company behind the recommendation; Friday morning, it tapped Broadcom as its No. 1 stock for the coming year. In doing so, it enacted a significant price target raise, to $300 per share from the preceding $225. According to reports, Jefferies believes that Broadcom is beautifully placed for a pop, as it is a key developer and manufacturer of advanced, custom-designed chips (known as ASICs). Such products are ideal for the heavy processing demands of AI. Ultimately, by 2027 the company could reap over $60 billion in annual sales of chips that power AI functionalities. Jefferies wasn't the only Broadcom-tracker upping its price target that day. Morgan Stanley analyst Joseph Moore also made a change, lifting his price target to $
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JEF
Earnings
- 9/25/24 - Miss
JEF
Sec Filings
- 12/20/24 - Form 424B2
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- JEF's page on the SEC website