Broadcom’s (AVGO) AI Role Acknowledged, But Valuation Concerns Remain

Broadcom Limited (NASDAQ:AVGO) is one of the AI Stocks to Watch. One global technology firm with a robust structural AI opportunity ahead is Broadcom. On February 12, DA Davidson analyst Gil Luria initiated coverage on Broadcom Limited (NASDAQ:AVGO) with a Neutral rating and a price target of $335. While analysts acknowledge AVGO’s structural AI opportunity, they believe long-term customer behavior could cap upside. The firm, in particular, expressed concerns about the long-term sustainability of Broadco ...