Mizuho raised the firm’s price target on Broadcom to $960 from $840 and keeps a Buy rating on the shares following the July quarter results. Networking and artificial intelligence remain strong with a $1B AI tailwind and accelerating into fiscal 2024, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AVGO:
- Broadcom Stock (NASDAQ:AVGO): More Short-Term Downside Likely
- Broadcom (NASDAQ:AVGO) Slides despite Analyst Optimism on AI Opportunities
- Broadcom price target raised to $990 from $900 at Oppenheimer
- Broadcom price target raised to $950 from $905 at Deutsche Bank
- Broadcom Inc. Earnings Report: Did it Beat Expectations?