Reported 1 day ago
Oppenheimer has raised its price target for Broadcom Inc. (NASDAQ:AVGO) from $305 to $325, maintaining an Outperform rating as the company prepares for its Q3 results. The analyst anticipates a strong performance driven by Broadcom's leadership in AI networking and custom AI ASICs, serving major clients like Google and Meta. This optimistic outlook aligns with Citi's recent projection of a $315 target and a strong contribution from AI-related revenues.
Source: YAHOO