Truist analyst William Stein raised the firm’s price target on Broadcom (AVGO) to $295 from $267 and keeps a Buy rating on the shares after its Q2 results. Investors had hoped for more AI upside, so the stock is down a bit, but the company’s long-term position in AI is stable or potentially improving, with significant customer additions suggesting meaningful potential upside, the analyst tells investors in a research note. Truist recommends that investors buy the near-term weakness.
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