Broadcom soars as demand for AI chips powers forecast raise

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Go back to Broadcom soars as demand for AI chips powers forecast raise

Broadcom Limited (AVGO) PT Raised to $1,900 at Deutsche Bank

June 13, 2024 10:56 AM EDT

Deutsche Bank analyst Ross Seymore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,900.00 (from $1,500.00) while maintaining a Buy rating.

The analyst comments "AVGO delivered a solid top-line F2Q24 beat vs. DBe (~$12.5B vs. ~$11.7B), powered by another quarter of outperformance in AI (DBe +35% q/q with... More