Citi raised the firm’s price target on Broadcom (AVGO) to $350 from $315 and keeps a Buy rating on the shares. The company reported good fiscal Q3 results and announced a fourth artificial intelligence customer, which Citi believes to be OpenAI, the analyst tells investors in a research note. The firm upped estimates post the earnings print.
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Read More on AVGO:
- Broadcom price target raised to $400 from $340 at Rosenblatt
- Broadcom price target raised to $385 from $315 at Benchmark
- Broadcom’s Strong Growth Prospects in AI and Semiconductor Markets Drive Buy Rating
- Broadcom price target raised to $355 from $320 at Mizuho
- Broadcom price target raised to $360 from $325 at Oppenheimer