Is Broadcom Stock Going to $2,100 on the Heels of Its 10-for-1 Stock Split Announcement? 1 Wall Street Analyst Thinks So.

Wall Street analysts have set new price targets for Broadcom following its recent financial results. Among the analysts, Benchmark reiterated their buy rating and raised their price target to a Street-high $2,100, representing a potential upside of 40% over the coming year. Other notable price target increases include Goldman Sachs analyst Toshiya Hari, who added $225 to his target, taking it to $1,550 a share, and Truist Securities analyst William Stein, who lifted his target to $1,566 from $1,240. Additionally, Baird analyst Tristan Gerra raised the price target on Broadcom from $690 to $700, Mizuho analyst Vijay Rakesh maintained Broadcom with a Buy and raised the price target from $665 to $700, and Keybanc analyst John Vinh maintained Broadcom with an Overweight and raised the price target from $710 to $720.

Broadcom's semiconductors and data center infrastructure play a critical role in the AI ecosystem. Broadcom's products, such as its AI accelerator chips and high-speed switches, are designed to handle the complex workloads and data processing requirements of AI systems. The company's solutions are used to interconnect various components, such as CPUs, GPUs, and other accelerators, within AI infrastructure, ensuring efficient communication and data transfer. Broadcom's focus on open standards and power efficiency also contributes to the scalability and sustainability of AI systems. Overall, Broadcom's offerings help to enable and support the growth and adoption of AI technologies across various industries.