Goldman Sachs Boosts Broadcom (AVGO) Stock to Buy Rating on AI and M&A Prospects

Reported 1 day ago

Goldman Sachs has initiated coverage on Broadcom Inc. (NASDAQ:AVGO) with a Buy rating and a price target of $315, citing the company's robust merger and acquisition strategy and its dominance in the enterprise networking silicon market. Forecasts indicate that by 2026, over 40% of Broadcom's operations will be driven by artificial intelligence, further solidifying its strong position in infrastructure software.

Source: YAHOO

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