Wells Fargo analyst Aaron Rakers raised the firm’s price target on Broadcom (AVGO) to $255 from $230 and keeps an Equal Weight rating on the shares. The firm notes the company delivered in-line Q2 results plus Q3 guide. AI Semi revenue totaled over $4.4B with AI networking at about 40% and +170% year-over-year the key focus.
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Read More on AVGO:
- Broadcom’s Mixed Outlook Justifies Hold Rating Amid Solid AI Semiconductor Performance and Slower Growth Concerns
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