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<Research>UBS Raises Broadcom's TP to USD475 w/ Higher Rev. & Earnings Forecasts
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According to a report from UBS, the broker, after recent discussions with Broadcom (AVGO.US) management, saw the immense pullback in the company's stock price last Friday (12th) as an overreaction by the market. In light of the latest outlook from management, UBS has raised its forecast for Broadcom's AI semiconductor revenue in FY26 to over USD60 billion, an almost threefold annual growth. The broker has also lifted Broadcom's revenue/ EPS forecasts for FY27 to USD135 billion/ USD14.15. Broadcom's target price has increased from USD472 to USD475, with a Buy rating remaining in place. AAStocks Financial News |
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