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<Research>BofAS Lifts Broadcom's TP to USD500 w/ Higher Earnings Forecasts
Recommend 10 Positive 10 Negative 14 |
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BofA Securities issued a research report reiterating Broadcom (AVGO.US) as its top pick with a Buy rating. The broker raised its FY26-27 EPS forecasts for Broadcom by 8% to USD10.33 and USD14.4 respectively, despite concerns over higher tax rates and margin pressure from product mix. Broadcom's target price was lifted from USD460 to USD500 based on an unchanged 33-time projected P/E ratio for FY27. AAStocks Financial News |
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