Broadcom stock gets a new Street high price target ahead of stock split.
Rosenblatt raises price target on Broadcom to $2,400 from $1,650, setting a new Street high.
Bullish upgrade comes ahead of Broadcom's 10-for-1 stock split next week.
FY26 estimates support high-teens sales growth and $75 Non-GAAP EPS, driven by AI infrastructure networking/ASIC momentum and enterprise software synergies.
FY24 sales target expected to exceed $51B, boosted by AI semi-sales (40%+ of mix) and better VMware integration.
Bullish upgrade comes ahead of Broadcom's 10-for-1 stock split next week.
FY26 estimates support high-teens sales growth and $75 Non-GAAP EPS, driven by AI infrastructure networking/ASIC momentum and enterprise software synergies.
FY24 sales target expected to exceed $51B, boosted by AI semi-sales (40%+ of mix) and better VMware integration.
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