Broadcom Stock: HSBC Sets $400 Target on AI Growth Potential

Broadcom TodayAVGOBroadcom$272.37 -3.03 (-1.10%) 52-Week Range$128.50▼$281.18Dividend Yield0.87%P/E Ratio102.23Price Target$290.21Add to WatchlistAI semiconductor giant Broadcom NASDAQ: AVGO recently found its biggest bull on Wall Street yet. On June 24, analysts at HSBC issued a massive $400 price target on the stock. Compared to Broadcom’s July 9 closing price of just under $278, HSBC’s price target indicates that shares could rise by another 44%. So, what is driving HSBC to issue such an optimistic targ ...