Wells Fargo analyst Aaron Rakers raised the firm’s price target on Broadcom (AVGO) to $345 from $255 and keeps an Equal Weight rating on the shares. The firm notes Broadcom delivered another solid beat-and-raise with continued custom AI XPU momentum – most notably highlighting $10B-plus order from new customer for inference-focused XPU. Wells also highlights accelerating AI growth in FY26 and again in FY27.
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