Mizuho analyst Vijay Rakesh raised the firm’s price target on Broadcom (AVGO) to $310 from $300 and keeps an Outperform rating on the shares. The company reported in-line April quarter results and July quarter guidance, the analyst tells investors in a research note. The firm believes Broadcom sees accelerating artificial intelligence inference demand in the second half of fiscal 2026 driving AI semis revenue up greater than 60% year-over-year in fiscal 2026.
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Read More on AVGO:
- Broadcom price target raised to $300 from $240 at BofA
- Broadcom price target raised to $290 from $270 at UBS
- Broadcom price target raised to $270 from $260 at Morgan Stanley
- Broadcom’s Strong Performance and Future Potential Justify Buy Rating
- Broadcom’s Strong AI Growth Prospects and Strategic Positioning Earns ‘Buy’ Rating
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