Reported 2 days ago
Following OpenAI's partnership with Broadcom Inc. (AVGO) to develop AI processors, analysts have raised their price targets for the stock significantly. UBS increased its target to $415, predicting substantial revenue growth, while Mizuho set a target of $430, projecting potential revenues between $150 billion and $200 billion over several years. Morgan Stanley also raised its target to $409, contributing to a generally positive outlook on Broadcom's stock, although the average upside potential is currently just over 4%.
Source: YAHOO