Morgan Stanley Raises Price Target for Broadcom Amid Strong Growth in Networking and ASIC Segments

Morgan Stanley analyst Joseph Moore raised the price target for Broadcom (AVGO) to $485 from $470, maintaining an 'Overweight' rating ahead of its Q2 earnings report. The firm expects strong growth in networking and application-specific integrated circuits segments, supported by robust AI semiconductor demand.

By Faheem Tahir Thu, June 4, 2026 at 7:11 PM GMT+3 2 min read · Yahoo Finance · June 4, 2026, 16:11 UTC

Tickers: $AVGO

Topics: AI infrastructure analyst upgrade ASICs semiconductors

Read the full article at Yahoo Finance

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