Goldman Sachs analyst James Schneider raised the firm’s price target on Broadcom (AVGO) to $435 from $380 and keeps a Buy rating on the shares. The firm expects focus on FY26 AI revenue guidance, the contributions from Google and OpenAI, and gross margins as custom XPU shipments scale, the analyst tells investors in a research note. Expectations are already high, and updated guidance is likely to exceed the prior forecast of 100% year over year AI revenue growth, with particular attention on the XPU vs. networking mix and OpenAI’s FY26 impact.
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