BofA analyst Vivek Arya raised the firm’s price target on Broadcom to $1,250 from $1,200 and keeps a Buy rating on the shares. The firm said that Broadcom’s AI opportunity is “strong” as its workload complexity changes. BofA added that VMWare could drive Broadcom earnings per share toward $60 in 2025.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AVGO: