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Goldman Sachs Raises Broadcom Target on AI Growth Prospects

Goldman Sachs Raises Broadcom Target on AI Growth Prospects

Author:

Global Cryptocurrency

Published:

2025-11-26 15:18:02

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BTCCSquare news:

Goldman Sachs increased its price target on Broadcom (AVGO) to $435, citing expectations of over 100% year-over-year AI revenue growth by fiscal 2026. Analyst James Schneider highlighted strong demand from key clients like Google and OpenAI as drivers for upward revisions. The firm maintained its Buy rating ahead of Broadcom's December 11 earnings report.

Broadcom shares gained 1.87% following the announcement, closing at $385.03. Schneider projects AI revenue could reach $45.4 billion in 2026 and $77.3 billion in 2027, with particular focus on the company's ability to capitalize on hyperscaler spending.

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