By Eric Volkman
Publication Date: 2025-12-19 23:08:00
An analyst bumped his price target higher on the company.
Investor sentiment on tech stocks drove many of those titles higher on Friday. This included Broadcom (AVGO +3.18%), whose profile has risen thanks to its cutting-edge artificial intelligence (AI) chips. The company was swept up in the bullish trend, which was bolstered by an analyst’s price target raise on its stock.
A 2% move made a difference
The raiser was Truist Securities’s William Stein, who made an upward adjustment to his Broadcom target to $510 per share; previously, his price tag was $500. In making the change, he maintained his buy recommendation on the company.
Image source: Getty Images.
Stein acknowledged the concern many investors have expressed about the significant resource and capital needs of AI, according to reports. Yet he feels certain AI-associated stocks remain inexpensive relative to their powerful growth potential, and Broadcom is one of those bargains.
The pundit wrote that, despite the…