By Mkeshav
Publication Date: 2025-11-26 14:20:00
Broadcom has seen its stock receive a major boost as Goldman Sachs raised its price target ahead of the company’s upcoming earnings announcement.
Analyst James Schneider, who maintains a Buy rating on the stock, increased his target to $435 from $380, indicating a potential upside of about 13% from recent trading levels. The move comes as investors focus on Broadcom’s strong performance in the artificial intelligence (AI) chip market and its partnerships with major tech companies.
Goldman Sachs expects Broadcom to continue delivering solid results, especially in the AI segment. The firm projects that Broadcom’s AI revenue for fiscal year 2026 could exceed $45.4 billion, a 128% year-over-year increase, with further growth expected in 2027.
This surge is attributed to rising demand from clients like Google, which relies on Broadcom for its proprietary AI chips. The investment bank also highlighted the company’s improving margins and robust financial health,…