Broadcom Stock Has 13% Upside, According to 1 Wall Street Analyst

Broadcom's (AVGO 0.85%) stock price has doubled over the last 12 months, but Barclays thinks it still has more growth potential and it reinstated coverage with a $1,405 price target, or 13.5% above Tuesday's closing price.The networking infrastructure provider is benefiting tremendously from the strong demand for artificial intelligence (AI) solutions in servers. Revenue growth accelerated to 34% year over year last quarter following the acquisition of VMware, but it's just getting started.Why buy Broadcom ...