Apple working with Broadcom to develop AI chip, the Information reports

Broadcom Limited (AVGO) PT Raised to $230 at CFRA

December 13, 2024 12:37 PM EST

CFRA analyst Angelo Zino raised the price target on Broadcom Limited (NASDAQ: AVGO) to $230.00 (from $220.00) while maintaining a Buy rating.

The analyst comments "We up our 12-month target to $230 from $220 on P/E of 30x our CY 26 EPS estimate, above the historical... More

Midwest Boutique Raises Assumptions on Apple (AAPL)

December 13, 2024 10:44 AM EST

Midwest Boutique Raises Assumptions on Apple (NASDAQ: AAPL).

"Raising Dec-Q Assumptions to High End of Guidance on Favorable iPhone, iPad"
... More

Morgan Stanley on Apple (AAPL): 'remains our Top Pick heading into 2025'

December 13, 2024 5:41 AM EST

Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and $273.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Over the last month, Apple shares have outperformed the S&P 500 by 10 points as Apple is now trading at all-time highs. While we believe part of Apple's recent string of outperformance is tied to market factors and short covering, we... More

Raymond James Reiterates Market Perform Rating on Broadcom Limited (AVGO)

December 13, 2024 5:03 AM EST

Raymond James analyst Srini Pajjuri reiterated a Market Perform rating on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "AVGOs F4Q results and F1Q revenue outlook were broadly in-line. Managements commentary regarding AI SAM in 2027 was the highlight of the call, which likely drove the stock up >10% in the aftermarket. Management sees $60-90B opportunity in 2027 at its 3 hyperscale customers... More

Broadcom Limited (AVGO) PT Raised to $245 at Mizuho

December 13, 2024 4:52 AM EST

Mizuho analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $245.00 (from $220.00) while maintaining a Outperform rating.

The analyst comments "AVGO reported OctQ and JanQ guide in line to $14.6B, with a BIG AI revenue outlook to F27E... More

Broadcom Limited (AVGO) PT Raised to $233 at Morgan Stanley

December 13, 2024 4:48 AM EST

Morgan Stanley analyst Joseph Moore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $233.00 (from $180.00) while maintaining a Overweight rating.

Th analyst comments "Thoughts on the stock: We were surprised at the solid results given expectations of some deceleration at TPU, and we stop short of underwriting all of the CY27 forecasts. That said, we like the AI exposures here, as expectations nearer term are lower than peers, the... More

Broadcom Limited (AVGO) PT Raised to $250 at BofA Securities

December 13, 2024 4:45 AM EST

BofA Securities analyst Vivek Arya raised the price target on Broadcom Limited (NASDAQ: AVGO) to $250.00 (from $215.00) while maintaining a Buy rating.

The analyst comments "Reiterate Buy on: 1) AVGOs expanding custom-chip (ASIC) AI to 5 vs 3 major customers prior, 2) surging AI opportunity... More

Broadcom Limited (AVGO) PT Raised to $250 at Evercore ISI

December 13, 2024 4:43 AM EST

Evercore ISI analyst Mark Lipacis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $250.00 (from $201.00) while maintaining a Outperform rating.

The analyst comments "We reiterate OP rating on AVGO following OctQ $0.03 EPS beat and JanQ implied EPS outlook of $1.53 that was $0.07/4% above the Street. We continue to view AVGO as a top Custom AI beneficiary as we argued in our Custom-AI chip note: (Hyperscalers and Custom-ICs: Thing or Fling?) and believe investors are underestimating the Custom... More

Broadcom Limited (AVGO) PT Raised to $240 at Deutsche Bank

December 13, 2024 4:41 AM EST

Deutsche Bank analyst Ross Seymore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $240.00 (from $190.00) while maintaining a Buy rating.

The analyst comments "Unlike their previous report, not only did AVGO deliver a solid report/guide (top-line ~in-line/+4% vs. DBe in the report/guide, respectively) but they more... More

Citi on Apple (AAPL): 'We remain optimistic about iPhone 17 refresh cycle'

December 11, 2024 4:25 PM EST

Citi analyst Atif Malik reiterated a Buy rating and $255.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Apple released iOS 18.2 today (Dec 11) with additional features for Apple Intelligence, including the highly anticipated ChatGPT integration into Siri and Writing Tools, Image Playground, Visual Intelligence, Genmoji, Image... More