DA Davidson Raises Broadcom Price Target to $375
DA Davidson analyst Gil Luria raised the price target on Broadcom Limited (NASDAQ: AVGO) to $375.00 (from $335.00) while maintaining a Neutral rating.
“Broadcom reported a modest Q1 beat versus consensus (0.1%) which the company attributes to a compute constrained environment which situates Broadcom very favorably for the short to medium term.
The company also communicated a planned roadmap for a 2027 deployment of almost 10 gigawatts of compute which we view as a testament of Broadcom’s internal competencies as well as their place as the leading accelerator alternative to Nvidia.
Maintain our NEUTRAL rating and increasing our PT to $375 from $335 based on 29x our updated CY26 EPS estimate.”
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