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Jefferies Maintains Buy on Broadcom (AVGO), Citing Strength in AI and Networking [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Co.'s portfolio indicates that the position in the stock has reduced by approximately 14% quarter-over-quarter. On June 6, Jefferies analyst Blayne Curtis reiterated a Buy rating on Broadcom (NASDAQ:AVGO), with an unchanged price target of $300. His view is based on Broadcom's steady progress in areas like AI and networking, where growth trends remain strong. A technician soldering a semiconductor chip, emphasizing the power of the company's products. According to Curtis, Broadcom's AI business is expected to remain a key growth engine, supported by the scaling of its Ironwood TPU and broader ASIC portfolio. The firm sees a meaningful step-up in AI-related revenue over FY25 and FY26. In networking, Ethernet adoption continues to grow across scale-out and scale-up use cases, further strengthening Broadcom's position in the segment. This, combined with steady execution in the VMware integration, adds to the company's long-term visibility. Jefferies highlights strong traction in
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