On Thursday, BofA Securities reaffirmed its confidence in NVIDIA (NASDAQ: NVDA), raising the price target on the stock to $190 from $165 while maintaining a Buy rating. The firm’s analyst cited several key factors that underpin the positive… Article Source https://www.investing.com/news/company-news/nvidia-price-target-raised-to-190-by-bofa-securities-93CH-3669737
Nvidia price target raised to $190 from $165 at BofA TipRanks Article Source https://www.tipranks.com/news/the-fly/nvidia-price-target-raised-to-190-from-165-at-bofa
Cisco in focus as BofA upgrades on back of AI opportunities (CSCO) Seeking Alpha Article Source https://seekingalpha.com/news/4163976-cisco-in-focus-as-bofa-upgrades-on-back-of-ai-opportunities
IBM (IBM) PT Raised to $250 at BofA Securities StreetInsider.com Article Source https://www.streetinsider.com/Analyst Comments/IBM (IBM) PT Raised to $250 at BofA Securities/23817833.html
IBM price target raised to $250 from $209 at BofA TipRanks Article Source https://www.tipranks.com/news/the-fly/ibm-price-target-raised-to-250-from-209-at-bofa
On Friday, BofA Securities maintained its Buy rating on Broadcom Limited (NASDAQ:) shares, affirming a $215.00 price target. The endorsement follows a meeting at Broadcom’s headquarters, attended by CEO Hock Tan, CFO Kirsten Spears, and IR head… Article Source https://www.investing.com/news/company-news/bofa-keeps-broadcom-shares-as-top-pick-cites-sales-projections-93CH-3660256
On Wednesday, BofA Securities adjusted its outlook on Nutanix (NASDAQ:) shares, a leader in hyper-converged infrastructure (HCI). The price target was reduced to $72 from $75 while the Buy rating remained. The firm acknowledges the potential for Nutanix to increase its market share at the expense of VMWare, now a part of Broadcom Inc. (NASDAQ:), … Read more
Analysts at Bank of America increased their price target for Broadcom (NASDAQ: AVGO) shares to $2,150, highlighting the company’s shift towards growth driven by AI and VMware. Traditionally, AVGO’s software and semiconductor segments saw 5-10% growth, but Bank of America now predicts a compound annual growth rate (CAGR) of 13% from 2024 to 2026, primarily … Read more
Broadcom, a leading semiconductor company, is now considered a growth stock by Bank of America Merrill Lynch due to its increasing contributions from artificial intelligence (AI) and VMware. Both areas have been key drivers of the company’s growth and profitability in recent times. The company’s focus on AI technologies has been especially beneficial, as demand … Read more
Broadcom Inc. saw its shares fall by 2.5% along with other AI-related names, despite an increase in price target by BofA Global Research. BofA analysts raised Broadcom’s price target to $2,150 from $2,000, citing the company’s transformation from a value stock to a growth stock driven by AI and its recent acquisition of VMware. Analysts … Read more