Goldman Sachs raised the firm’s price target on Broadcom (AVGO) to $435 from $380 and keeps a Buy rating on the shares ahead of its Q4 results. Investors are expected to focus on FY26 AI revenue guidance, Google and OpenAI revenue contributions, and gross margin trajectory given the steep ramp of custom XPUs, the analyst tells investors in a research note. The firm adds that expectations are elevated heading into the quarter, and investors are positioned positively given strong peer results and positive datapoints related to key XPU customers, mostly notably Google following its latest Gemini 3 launch.
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