Form 4 Broadcom Inc. For: Sep 15 Filed by: You Harry L.
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Wolfe Stays Sidelined on Broadcom Limited (AVGO), 'will serve to dilute AVGO's exposure to AI related revenue'
September 21, 2023 9:43 AM EDTWolfe Research analyst Chris Caso reiterated a Peerperform rating and {REMOVEPT} price target on Broadcom Limited (NASDAQ: AVGO)
The analyst comments "Net, we think this report will cause investors to question the multiple being applied to the Google business. In... More
Evercore ISI on Broadcom Limited (AVGO): ' we would recommend using weakness to build position'
September 21, 2023 9:42 AM EDTEvercore ISI analyst C.J. Muse reiterated an Outperform rating and $1,000.00 price target on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "This morning, an article published by The Information claimed that Google is looking to replace AVGO as its custom ASIC supplier as early as 2027 in favor of in-house/MRVL driving the stock down 7% premarket. We note that Google is now on its 5th generation TPU working with AVGO and is the sole public customer within AVGOs offload-ASIC business (with revs of $2B+ in FY22 and $3B in FY23). To start, there has... More
