Citi raised the firm’s price target on Broadcom (AVGO) to $415 from $350 and keeps a Buy rating on the shares. The firm estimates the company’s deal with OpenAI could bring in $100B in sales and $8.00 in earnings per share over the next few years. It upped estimates on the pact.
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Read More on AVGO:
- Broadcom price target raised to $450 from $400 at Barclays
- Broadcom price target raised to $415 from $365 at UBS
- Broadcom’s Strategic Partnerships and AI Ventures Propel Buy Rating and Revenue Growth Forecast
- Broadcom’s Strategic Partnership with OpenAI Fuels Buy Rating and Increased Price Target
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