AI winner Broadcom stock gets a new Street high price target ahead of stock split
) to $2,400 from $1,650, setting a new Street target high for the stock. The bullish upgrade comes ahead of Broadcom's 10-for-1 stock split next week.
"For FY24, we continue to expect an upside to the recently raised sales target of $51B, driven by AI semi-sales and better VMware and similar growth in PCIe switches and NICs."
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