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Stock impact report

Broadcom Inc. (AVGO) up 51% YTD, Wall Street Still Sees 31% Upside [Yahoo! Finance]

Truist Financial Corporation (TFC) 
Last truist financial corporation earnings: 4/20 05:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Recently, on December 19, William Stein from Truist Financial reiterated a Buy rating on the stock with a $329.88 price target. Earlier on December 15, Timothy Arcuri of UBS also reiterated a Buy rating on the stock and raised the price target from $472 to $475. Analysts at Truist noted that they adjusted the price target after establishing 2027 estimates for the semiconductor and AI sector. The firm sees the AI infrastructure companies as cheaply valued, considering the growth potential. Truist acknowledged that the AI industry is faced with the challenge of power resources and the investment to build the power infrastructure. However, regardless, the analysts see a rise in AI expenditure in 2026 and more upside for companies like Broadcom Inc. (NASDAQ:AVGO) compared to the diversified semiconductor group. On the other hand, UBS expects the company to exceed the $60 billion revenue target in 2026, reflecting a threefold year-over-year increase. The firm noted that this is mainly Show less Read more
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