BUZZ-UBS, Citigroup lift Broadcom PT on revenue growth prospects
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UBS and Citigroup have raised their price targets for Broadcomdue to strong revenue growth prospects. UBS increased its PT to $475 from $472, while Citigroup raised its PT to $480 from $415, implying a significant upside. UBS also raised its FY26 AI semiconductor revenue estimate to over $60 billion. Citigroup noted Broadcom's new AI customer, Anthropic, and expects more AI customers in the future. Despite lower gross margin guidance, Citigroup expects the stock to recover. Broadcom's stock is up ~55% YTD.
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