Broadcom price target raised to $205 from $200 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Broadcom (AVGO) to $205 from $200 and keeps an Overweight rating on the shares. The firm says stronger artificial intelligence networking and software contribution “makes up for the AI air pocket.” The Broadcom story remains intact despite the near-term transition, the analyst tells investors in a research note.