Form SD Broadcom Inc.
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Melius Starts Broadcom Limited (AVGO) at Buy
June 3, 2024 6:22 AM EDTMelius analyst Ben Reitzes initiates coverage on Broadcom Limited (NASDAQ: AVGO) with a Buy rating and a price target of $1,850.00.
The analyst comments "Broadcom is one of the must-own AI stocks due to its leadership as a fabless semiconductor provider across many categories - but its Networking division (30% of revenues) should drive upside with AI accelerators (XPUs) and networking chips largely... More
