TD Cowen analyst Matthew Ramsay raised the firm’s price target on Broadcom (AVGO) to $240 from $210 and keeps a Buy rating on the shares. The firm said although they posted an inline print, they announced a huge SAM number and new customs demonstrate onfidence in AI opportunity.
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Read More on AVGO:
- Broadcom price target raised to $225 from $200 at Susquehanna
- Broadcom price target raised to $210 from $195 at Baird
- Broadcom price target raised to $250 from $200 at Piper Sandler
- Broadcom price target raised to $260 from $210 at KeyBanc
- Broadcom price target raised to $240 from $190 at Deutsche Bank