UBS raised the firm’s price target on Broadcom (AVGO) to $290 from $270 and keeps a Buy rating on the shares. Broadcom’s AI demand commentary was very bullish and out-year growth commentary supports 2026 revenue a good 10% higher than the Street into the call, further bolstering the firm’s view that 2026 EPS is tracking toward $9, with $10 likely in 2027, the analyst tells investors in a research note. The firm believes the stock may consolidate some of its recent gains in the near-term.
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