Piper Sandler Bumps Up Broadcom Price Target by 10.3%

A sign to the campus offices of chip maker Broadcom Ltd. in Irvine, Calif., on Nov. 6, 2017. Mike Blake/Reuters

Piper Sandler analyst Harsh Kumar raised the price target on Broadcom Inc. to $750 from $680 and reiterated an Overweight.

The price target implies a 12.7 percent upside to December 31, 2021 closing price.