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Citi Bullish on Broadcom (AVGO) as Accelerating AI Sales Drive $480 PT [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Following a transfer of coverage, the firm established this new price target and issued a Buy rating, primarily driven by the company's accelerating AI sales. The firm's shift reflects increased confidence in the company's ability to capitalize on AI demand. On the same day, Wells Fargo upgraded Broadcom to Overweight from Equal Weight, while raising the price target to $430 from $410. The firm stated that concerns regarding gross margins are overdone. Additionally, Wells Fargo anticipates Google TPU upside, significant ramps for additional custom XPUs, and continued momentum in scale-out and scale-up networking. Furthermore, on January 14, RBC Capital analyst Srini Pajjuri initiated coverage of Broadcom Inc. (NASDAQ:AVGO) with a Sector Perform rating and a price target of $370. Pajjuri noted that while Google's TPUs show significant near-term momentum, there are concerns regarding the long-term sustainability of the Anthropic ramp-up. Furthermore, the potential timing and scale o
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- 1/13/26 - Form 8-K
- 1/9/26 - Form 3
- 1/8/26 - Form 4
- AVGO's page on the SEC website
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