Reported 2 days ago
Analysts are maintaining a positive outlook on Broadcom Inc. (NASDAQ:AVGO), raising its price target from $210 to $276 as the company gears up for its earnings report. Citi highlights the potential for recovery in Broadcom's non-AI semiconductor business, which has seen a significant decline, and underscores the company's position in the AI market. Seaport also reaffirmed its 'Buy' rating ahead of the earnings announcement, emphasizing Broadcom's unique role in the AI revolution.
Source: YAHOO