CFRA Raises Broadcom (AVGO) Price Target, Keeps Buy Rating

Group 1 - Broadcom Inc. has been recognized as one of the 10 Best NASDAQ Stocks to Buy for the Long Term, with CFRA raising its price target from $340 to $380 while maintaining a Buy rating [1][2] - The increase in price target is primarily attributed to the growth of Broadcom's AI semiconductor business, including the addition of a fourth customer expected to generate $10 billion in sales in the upcoming quarters [2][3] - CFRA has revised its earnings estimates for Broadcom, raising the expected EPS for fiscal year 2025 from $6.65 to $6.71, for fiscal year 2026 from $8.13 to $9.00, and for fiscal year 2027 from $9.82 to $10.95 [3] Group 2 - Broadcom Inc. is a multinational technology company that specializes in designing, developing, and supplying a range of semiconductor, enterprise software, and security solutions [4] - Investor sentiment is expected to improve as CEO Hock Tan plans to remain in his position until at least the end of the decade [3]