By Shivani Kumaresan
Publication Date: 2025-11-26 13:31:00
Analyst James Schneider pointed to accelerating AI demand, especially from major clients such as Google and OpenAI.
- Goldman Sachs’ price target implies a 15% upside from the chipmaker’s Tuesday closing price.
- The firm expects fiscal-year 2026 AI revenue guidance to exceed a 100% year-over-year increase.
- For the fourth quarter, analysts expect a revenue of $17.46 billion and earnings per share (EPS) of $1.87.
Goldman Sachs on Wednesday boosted its price target on Broadcom Inc. (AVGO) to $435 from $380, while reiterating a ‘Buy’ rating, ahead of fourth-quarter earnings scheduled to be reported on December 11.
The new price target represents a 15% upside to the chipmaker’s closing price on Tuesday.
AI Momentum
James Schneider, the Goldman analyst behind the move, pointed to accelerating AI demand, especially from major clients such as Google and OpenAI, as well as improving margins as Broadcom ramps up shipments of custom XPUs, according to TheFly.
The firm expects…
