Here’s why Mizuho raised its price target on Broadcom

Let's bring in Missouo senior semiconductors analyst BJ Rakesh. He has a buy rating on Broadcom, maintains it post earnings, raising his price target from 435 to 450. So what what was the problem here with what was said on the call do you think VJ.>> Yeah, thanks for having me on Sara. So uh for Broadcom really um the focus was on their backlog being a little bit you know not as high as people were expecting but also some of the anthropic orders uh on the rack side were carrying lower margins. uh and so tha ...