Bank of America Securities published a research report, reiterating a "Buy" rating on Broadcom, stating that Broadcom's performance for the fiscal year 2024 meets expectations, with the number of major customers for customized chips (ASIC) in artificial intelligence expanding from 3 to 5. It is believed that the business opportunities brought by AI will help the company maintain its leadership position and consolidate its customer base. As a result, the earnings per share forecasts for the fiscal years 2025 and 2026 have been raised by 5% and 3% respectively, to $6.27 and $7.50, and the Target Price has also been increased from $215 to $250.
美银：上调博通目标价至250美元 重申“买入”评级
Bank of America: Raises Broadcom's Target Price to $250 and reiterates the Buy rating.
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