JPMorgan reiterates "Overweight" rating on Broadcom (AVGO.US) ahead of earnings! Strong AI revenue growth momentum, stock price may rise by 49%
Show original
JPMorgan stated in a recently released research report that the expected increase in TPU demand and strong AI network business will drive Broadcom's revenue, profit, and free cash flow in the first quarter to exceed both the bank's and the market's consensus expectations, and has raised its performance guidance. The bank reiterated its "overweight" rating on Broadcom, setting a target price of $475 for December 2026, which represents nearly a 49% upside compared to the stock's closing price of $318.82 on Monday in the US market.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$66,648.63
+0.62%
Ethereum
ETH
$1,951.8
+0.13%
Tether USDt
USDT
$0.9999
+0.00%
BNB
BNB
$622.55
+0.51%
XRP
XRP
$1.35
-0.55%
USDC
USDC
$1
+0.03%
Solana
SOL
$84.29
+0.69%
TRON
TRX
$0.2812
-0.18%
Dogecoin
DOGE
$0.08962
-2.85%
Cardano
ADA
$0.2647
-2.75%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now