HSBC Raises Broadcom's Price Target Due to Strong AI ASIC Growth Outlook
On June 2, HSBC analyst Frank Lee raised the price target on Broadcom (NASDAQ:AVGO) from $450.00 to $600.00 while maintaining a Buy rating. The upgrade is based on anticipated growth in ASIC revenue driven by major customer wins and increased CoWoS capacity.
Tickers: $AMKR $AVGO $GOOG $META
Topics: AI ASICs Broadcom HSBC Stock Analysis