Analyst revises Broadcom price targets ahead of stock split

The ongoing artificial intelligence (AI) rally in the stock market has made companies such as  Broadcom (NASDAQ: AVGO) real winners in terms of performance, guidance, and stock growth. Broadcom stock received a significant price-target hike on July 11 from Rosenblatt Securities analyst Hans Mosesmann, who foresees the chipmaker and infrastructure software provider benefiting greatly from the ongoing artificial intelligence trend.Mosesmann reiterated his buy rating on Broadcom stock and raised his 12-month p ...