By Ran Melamed
Publication Date: 2025-11-26 12:45:00
Goldman Sachs (GS) raised its price target on Broadcom (AVGO) to $435 from $380. The firm kept its Buy view and set a clear focus on the company’s coming results on December 11. The bank said investors will look for signs of steady growth in the company’s AI lines and will track how strong demand from Google (GOOGL) and OpenAI (PC:OPAIQ) may shape that outlook.
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Meanwhile, AVGO shares rose 1.87% on Tuesday, closing at $385.03.
Focus on AI Revenue and Key Client Strength
Goldman Sachs’ four-star analyst James Schneider said he expects steady AI strength in the fourth quarter. He also noted that he sees first-quarter guidance above Street views due to strong spend levels at major clients. Schneider wrote that he expects “updated FY26 AI revenue guidance above 100% year over year.”
In addition, he raised his AI revenue view for the Fiscal year 2026 to $45.4 billion. This marks an increase of around 128% from the year before. He also…
