Broadcom price target raised to $225 from $200 at Susquehanna

Susquehanna raised the firm’s price target on Broadcom (AVGO) to $225 from $200 and keeps a Positive rating on the shares. The firm noted Broadcom announced in-line results but offered better guidance as AI continues to upside and with no pause in AI revenue and the addition of two new hyperscale customers are likely to enthuse investors.