Top analysts lift Broadcom price targets before Q2 earnings

MSN
2026.05.17 02:59
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Top analysts from Citi, Wells Fargo, and TD Cowen have raised Broadcom's price targets to $545, driven by strong AI demand. Citi projects AI revenue will constitute 81% of total sales by 2028, with $180 billion in AI sales. Broadcom is set to report Q2 earnings on June 3, with expectations for revenue exceeding $22 billion.