Rosenblatt Raises Broadcom (AVGO) PT to $440 Ahead of Earnings on TPU/XPU Strength

Broadcom Inc. (NASDAQ:AVGO) is one of the Hot AI Stocks on Wall Street’s Radar. On December 9, Rosenblatt analyst Kevin Cassidy raised the firm’s price target on the stock to $440 from $400 and kept a “Buy” rating on the shares. The rating affirmation, which comes as part of an earnings preview, reflects expectations for upside from strong TPU/XPU traction and infrastructure tailwinds. Rosenblatt believes that Broadcom will beat estimates driven by accelerating shipments of TPU and additional traction w ...