Reported 1 day ago
Broadcom Inc. (NASDAQ:AVGO) has received a 'Buy' rating from Citigroup with a price target of $315 ahead of its Q3 earnings report set for September 4. Analysts expect the company to exceed sales estimates of $15.8 billion driven by AI strength and predict higher guidance for Q4 sales. Broadcom is strengthening partnerships with major companies like Meta and Google, although concerns about lower margins linked to AI revenue were noted. Overall, the technology firm remains well-positioned in the AI market.
Source: YAHOO