Broadcom (AVGO) Stock: Named Jefferies Top Pick as Firm Raises Price Target to $480

TLDR Jefferies named Broadcom its new Top Pick and raised the price target to $480 from $415 Broadcom signed a 10 gigawatt AI chip deal with OpenAI that could generate $150-200 billion in revenue The stock gained 12% in October following the OpenAI announcement Analysts project Broadcom’s revenue reaching $130 billion by 2027 from custom [...]

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