Morgan Stanley analyst Joseph Moore raised the firm’s price target on Broadcom (AVGO) to $270 from $260 and keeps an Overweight rating on the shares. The quarter and outlook were in line, as strong AI was offset by slightly weaker legacy semis, but visibility to strong inference investment drove positive commentary on AI prospects in calendar 2026, the analyst tells investors.
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Read More on AVGO:
- Broadcom’s Strong Performance and Future Potential Justify Buy Rating
- Broadcom’s Strong AI Growth Prospects and Strategic Positioning Earns ‘Buy’ Rating
- Broadcom price target raised to $255 from $230 at Wells Fargo
- Broadcom price target raised to $304 from $267 at Evercore ISI
- Broadcom’s Mixed Outlook Justifies Hold Rating Amid Solid AI Semiconductor Performance and Slower Growth Concerns
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