Broadcom Inc. (NASDAQ:AVGO) is among the Sizzling AI Shares on Wall Avenue’s Radar. On December 9, Rosenblatt analyst Kevin Cassidy raised the agency’s worth goal on the inventory to $440 from $400 and saved a “Purchase” ranking on the shares.
The ranking affirmation, which comes as a part of an earnings preview, displays expectations for upside from robust TPU/XPU traction and infrastructure tailwinds.
Rosenblatt believes that Broadcom will beat estimates pushed by accelerating shipments of TPU and extra traction with XPU. It additionally anticipates income upside from the networking enterprise as information heart networks increase.
“Based mostly on our elevated estimates we’re lifting our 12-month worth goal to $440 and preserve our Purchase suggestion.”
The corporate is predicted* to report earnings on 11/12/2025 after market shut.
Broadcom is a expertise firm uniquely positioned within the AI revolution owing to its customized chip choices and networking property.
Whereas we acknowledge the potential of AVGO as an funding, we imagine sure AI shares provide higher upside potential and carry much less draw back threat. When you’re searching for a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.
READ NEXT: 10 AI Shares Making Headlines on Wall Avenue and 12 Should-Watch AI Shares on Wall Avenue.
Disclosure: None.
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