Is Broadcom Stock Going to $1,850? 1 Wall Street Analyst Firm Thinks So.
Broadcom (NASDAQ: AVGO) hasn't gotten as much attention as some other artificial intelligence (AI) stocks, but the company expects to see demand for chips ramp up due to the increase in generative AI-driven infrastructure.
Broadcom does a lot of things and it has been a prolific acquirer over its history, recently taking over VMware. Among its specialties are custom chips and networking chips. Both categories are likely to see a spike in demand from artificial intelligence, and at least one analyst seems to be taking notice.
Image source: Getty Images.
Source Fool.com
Broadcom Ltd. Stock
€139.64
1.290%
The stock is an absolute favorite of our community with 68 Buy predictions and no Sell predictions.
Based on the current price of 139.64 € the target price of 1384 € shows a potential of 891.12% for Broadcom Ltd. which would more than double the current price.
