Broadcom Stock Is Rising. Shares Can Soar Past Their Record, Says Analyst. - Barron's
1. AVGO stock up 0.8% at $237.47 with a 22% monthly gain. 2. Melius Research raised price target from $198 to $283, indicating strong growth potential. 3. AI processors can achieve 43% annual revenue growth by 2030, enhancing AVGO's position. 4. Broadcom's networking chip market projected to reach $6 billion by 2025, growing significantly. 5. Broadcom's $10 billion stock buyback program may boost shareholder confidence and stock value.