Broadcom’s stock rises as Rosenblatt raises price target due to strong AI performance (NASDAQ:AVGO)
Broadcom (AVGO) shares experienced a boost in premarket trading on Thursday following a price target increase from Rosenblatt Securities. The tech company’s momentum in artificial intelligence was a key factor in the decision to raise the price target. Analyst Hans Mosesmann highlighted the growth in AI-related infrastructure networks and the application-specific integrated circuit business as … Read more