Evercore ISI raised the firm’s price target on Broadcom (AVGO) to $342 from $304 and keeps an Outperform rating on the shares heading into the company’s July quarter earnings report scheduled for September 4. The firm sees positives, such as the TPU product cycle at Google (GOOGL) and high demand for high-speed datacenter connectivity and networking chips, being partially offset by high expectations, the analyst tells investors in a preview.
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