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Broadcom price target raised to $250 from $201 at Evercore ISI
The Fly

Broadcom price target raised to $250 from $201 at Evercore ISI

Evercore ISI raised the firm’s price target on Broadcom (AVGO) to $250 from $201 and keeps an Outperform rating on the shares following its October-end quarter EPS beat and January quarter implied EPS outlook of $1.53. The firm continues to view Broadcom as a “top Custom AI beneficiary” and believes investors are underestimating the custom AI chip opportunity, the analyst noted.

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