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AVGO
CNBC
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Top Wall Street analysts bet on the potential of these 3 stocks for the long haul

1. Broadcom reported strong Q3 results, driven by AI demand and solid guidance. 2. Analyst Harlan Sur raised AVGO price target to $400, calling it a top pick. 3. AVGO's AI revenue grew 18% sequentially, forecasting $20 billion for fiscal 2025. 4. Broadcom secured a $10 billion customer, likely OpenAI, enhancing its AI offerings. 5. Sur expects AVGO's AI revenue to jump 125% to $45 billion by fiscal 2026.

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FAQ

Why Very Bullish?

The strong earnings and upward target revisions reflect confidence in Broadcom's AI growth potential, akin to historical trends where positive earnings reports led to sustained stock price increases.

How important is it?

The article presents strong growth metrics and future guidance impacting AVGO's valuation and investor sentiments significantly.

Why Long Term?

The projected substantial revenue increases and strategic customer acquisition indicate a robust growth path over several fiscal years, similar to prior technology booms where early adoption led to prolonged market advantages.

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