From Yahoo Finance: 2025-06-09 12:14:00

Broadcom Inc. (NASDAQ:AVGO) is on Wall Street’s radar, with Truist analyst William Stein increasing the price target to $295 and maintaining a Buy rating after a strong FQ2 2025 performance. The company reported $15 billion in revenue, 20% year-over-year growth, $10 billion in adjusted EBITDA, and $6.4 billion in free cash flow. Q3 revenue is projected at $15.8 billion.

Despite a pullback, Broadcom (NASDAQ:AVGO) is a key player in AI infrastructure, with AI revenue up 46% year-over-year to $4.4 billion. The company has transitioned from traditional semiconductors to AI solutions, with strong networking demand driving growth. Q3 momentum is expected to continue.

Broadcom (NASDAQ:AVGO) is a leading developer of advanced semiconductor devices and software solutions for various technologies, including AI networking, wireless connectivity, and storage systems. The company’s products are essential in consumer electronics, data centers, and communication infrastructure.

While Broadcom (AVGO) offers potential as an investment, some AI stocks may provide greater upside with lower risk. For undervalued AI stock opportunities with potential benefits from tariffs and onshoring trends, consider exploring the best short-term AI stock. No disclosures were mentioned in the article.



Read more at Yahoo Finance: Truist Increases Broadcom (AVGO) PT, Maintains Buy Rating