CFRA Lifts Broadcom Limited (AVGO) Price Target on Earnings Growth Prospects

Core Insights - Broadcom Inc. is recognized as a leading cybersecurity stock, with CFRA raising its price target to $380 from $340 while maintaining a 'Buy' rating [1][2] Financial Performance - The company achieved a gross profit margin of 77.19% and a revenue growth of 28.01%, driven by its AI semiconductor business [2] - CFRA has revised its earnings estimates, projecting earnings per share (EPS) of $6.71 for 2025, up from $6.65, and increasing FY 2026 EPS to $9 from $8.13, as well as FY 2027 EPS to $10.95 from $9.82 [3] Customer Base and Growth Potential - Existing customers, including Alphabet, are increasing their orders, which strengthens Broadcom's revenue base [3] - The addition of a key customer could potentially elevate the company's sales beyond the $10 billion threshold [3] Cybersecurity Solutions - Broadcom offers comprehensive cybersecurity solutions through its Symantec and Carbon Black portfolios, covering endpoint, network, information, and email security for both on-premises and cloud environments [4] - The company's products are designed to detect and block threats, protect sensitive data, ensure business continuity, and implement zero-trust security models [4]