JJefferies BBroadcom · AVGO
Jefferies Raises Broadcom Price Target to $550
Rating
Buy
Price target
$550
Previous
$500
Implied upside
+15%
Jefferies analyst Blayne Curtis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $550.00 (from $500.00) while maintaining a Buy rating.
“Mixed print with July guidance falling short of expectations for a beat and F27 AI commentary limited to a reiteration of $100B+.
Overall GMs guided below, given the mix shift to ASICs and that likely continues as ASICs accelerate in the 2H.
That said, OMs should still improve as AI revenue accelerates, particularly as META and OAI begin to ramp next year.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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