Benchmark raises Broadcom price target to $1,900 on AI growth

Created at 3 Jun · 20:33 UTC41 sources↑ Market-relevant19 events

IN SHORT

Benchmark analyst Mark Kelley increased Broadcom's stock price target to $1,900 from $1,750, citing strong prospects for AI growth.

Key Numbers

$1,900Broadcom stock price target

$1,750Previous Broadcom stock price target

Who's Involved

Benchmark

Analyst firm raising Broadcom's price target

Mark Kelley

Benchmark analyst

Broadcom

Company whose stock price target was raised

Key facts

Benchmark analyst Mark Kelley raised Broadcom's stock price target.
The new price target is $1,900, up from $1,750.
The upgrade is attributed to strong AI growth prospects.

Benchmark analyst Mark Kelley has raised the stock price target for Broadcom. The new target is set at $1,900, an increase from the previous target of $1,750. This upward revision is driven by the analyst's assessment of strong growth prospects within the artificial intelligence sector for Broadcom.

↳ Why This Matters

This price target increase from Benchmark suggests continued analyst confidence in Broadcom's AI-related business, potentially influencing investor sentiment despite previous negative forecasts.

FREQUENTLY ASKED

Benchmark analyst Mark Kelley raised Broadcom's stock price target.

The new price target for Broadcom is $1,900.

The increase is due to strong AI growth prospects for Broadcom.

Benchmark raises Broadcom price target to $1,900 on AI growth

PiQ Daily

Key facts

Benchmark raises Broadcom price target to $1,900 on AI growth

PiQ Daily

Key facts

Get the newsletter.