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

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.