Rosenblatt raised the firm’s price target on Broadcom (AVGO) to $400 from $340 and keeps a Buy rating on the shares. The company reported a “beat and raise” quarter on continued market share gains across its three existing xPU customers, the analyst tells investors in a research note. The firm says the “standout development” was news that one of Broadcom’s four prospective xPU customers placed a $10B order for delivery in the second half of 2026. Rosenblatt upped estimates post the print.
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