Wall Street sets Broadcom and Microsoft price targets for next 12 months

Group 1: Broadcom (AVGO) - Wall Street analysts are optimistic about Broadcom, with multiple upgrades in target prices, reflecting a strong outlook for the company [2][3] - Analyst Vijay Rakesh from Mizuho Securities upgraded Broadcom to "Buy" and increased the target price from $315 to $320 [2] - Goldman Sachs initiated coverage with a "Buy" rating and a target price of $315, highlighting Broadcom's dominance in custom silicon for U.S. hyperscalers [3] - The average target price for Broadcom shares is currently $300.96, with the highest target reaching $400 and the lowest at $210 [4] Group 2: Microsoft (MSFT) - Microsoft is experiencing a similar positive trend, with analysts raising their target prices significantly [6][7] - Gregg Moskowitz from Mizuho Securities increased the target price from $500 to $540 while maintaining an "Outperform" rating [6] - Wells Fargo upgraded its target price from $585 to $600, indicating a potential upside of 19.3% from previous close [8] - The average target price for Microsoft shares is $540.83, with the highest projection at $605 and the lowest at $475 [10]