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Technology Stocks : Semi Equipment Analysis
SOXX 312.76+1.1%Dec 8 4:00 PM EST
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From: Julius Wong3/10/2024 8:25:08 AM
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Broadcom looks to networking and AI offerings to grow 2024 revenue

Broadcom (NASDAQ:AVGO) looks to bank on networking and artificial intelligence offerings to grow revenue in 2024, as most analysts were positive on the hardware company's guidance for fiscal year 2024.

Broadcom's Buy rating was reiterated by Mizuho. The firm also upped its price target to $1,625 from $1,550.

TD Cowen reiterated its Market Perform rating on Broadcom and increased its price target on the stock to $1,400 from $1,000.

Cantor Fitzgerald also viewed the results and outlook in a positive light. The firm reiterated its Overweight rating and its price target of $1,600.

Bank of America also reiterated its Buy rating and raised its price target to $1,680 from $1,500.

seekingalpha.com
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