Susquehanna raised the firm’s price target on Broadcom to $1,650 from $1,550 and keeps a Positive rating on the shares. The firm noted Broadcom announced in-line results and reiterated its full-year FY24 revenue and EBITDA guidance. Susquehanna said they were glad to see positive revisions to AI revenue and solid growth in VMware and were little surprised around Broadband and Storage weakness.
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