Broadcom price target raised to $462 from $443 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Broadcom (AVGO) to $462 from $443 and keeps an Overweight rating on the shares. $8.2B guidance for AI revs in January was over 20% above the firm’s estimate and a second large Anthropic order for late 2026 brings up the firm’s full year estimate “meaningfully,” though the firm does question if that order repeats next year. Overall, the company reported “very good results,” showing near term upside “for the first time in a while,” the analyst added.