Mizuho Lifts Broadcom Target Amid Strong AI Market Prospects

Mizuho Securities raised its price target for Broadcom Inc. (NASDAQ:AVGO) from $250 to $300, while maintaining its Outperform rating, on May 27. The update followed a detailed examination of Broadcom’s market position, particularly its AI Custom Silicon, the company’s biggest source of income.

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According to the analysis, Broadcom Inc. (NASDAQ:AVGO) is expected to experience substantial growth by…