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Broadcom Limited (AVGO) PT Lowered to $200 at Cantor Fitzgerald

July 17, 2024 6:35 AM EDT

Cantor Fitzgerald analyst C.J. Muse lowered the price target on Broadcom Limited (NASDAQ: AVGO) to $200.00 (from $2,000.00) while maintaining a Overweight rating.

The analyst comments "Broadcom announced a 10-for-1 stock split last Q that officially took effect Monday before the open.... More

Broadcom sees a $150B+ opportunity for cumulative AI revenues over the next 5 years

July 16, 2024 10:01 AM EDT

In a note Tuesday, investment bank JPMorgan said that in a recent investor group meeting they hosted, Broadcom's (NASDAQ: AVGO) management highlighted significant growth opportunities in AI and its core semiconductor business.

Key executives, including President and CEO Hock Tan, President of Semiconductor Solutions Group Charlie Kawwas, and head of IR Ji Yoo, provided insights into the company's outlook.

JPMorgan analysts noted several important takeaways from the meeting.... More