Wall Street sets Broadcom and Microsoft price targets for next 12 months
The post Wall Street sets Broadcom and Microsoft price targets for next 12 months appeared on BitcoinEthereumNews.com. As artificial intelligence (AI) and cloud computing continue to dominate the tech sector, Wall Street analysts are upgrading their outlooks for two mega-cap giants, Broadcom (NASDAQ: AVGO) and Microsoft (NASDAQ: MSFT). AVGO price target as high as $400 Analyst Vijay Rakesh of Mizuho Securities upgraded his position on Broadcom to “Buy” on July 16 while increasing the target price from $315 to $320. Just a day earlier, Rick Schafer over at Oppenheimer increased his target price from $265 to no less than $305, reiterating his “Buy” rating. About a week ago, on July 10, Goldman Sachs initiated coverage of the stock with a “Buy” rating and a target price of $315. Based on the data provided by TipRanks, the investment company expressed the most optimism toward merchant silicon and EDA vendors linked to AI-related capital expenditures. Goldman Sachs analyst James Schneider also emphasized Broadcom’s dominance in custom silicon for U.S. hyperscalers, forecasting that AI could drive over 40% of total revenue by 2026. At press time, AVGO shares were trading at $300.96. Based on a total of 30 rankings on TipRanks, the average target price for the next 12 months sits at $300.96 as well. However, the most bullish target is as high as $400, while the lowest predictions go as low as $210. AVGO price prediction. Source: TipRanks MSFT price target as high as $605 The Microsoft situation is quite similar. Gregg Moskowitz of Mizuho Securities adjusted his target price from $500 to $540 on July 16 and kept the “Outperform” rating. However, the increased price comes ahead of the company’s Q2 earnings season for the software sector, and the investor cautioned that a modest uptick in deal delays could limit upside this quarter, as per TipRanks. On the same day, Cantor Fitzgerald and TD Cowen also reiterated their…
The post Wall Street sets Broadcom and Microsoft price targets for next 12 months appeared on BitcoinEthereumNews.com.
As artificial intelligence (AI) and cloud computing continue to dominate the tech sector, Wall Street analysts are upgrading their outlooks for two mega-cap giants, Broadcom (NASDAQ: AVGO) and Microsoft (NASDAQ: MSFT). AVGO price target as high as $400 Analyst Vijay Rakesh of Mizuho Securities upgraded his position on Broadcom to “Buy” on July 16 while increasing the target price from $315 to $320. Just a day earlier, Rick Schafer over at Oppenheimer increased his target price from $265 to no less than $305, reiterating his “Buy” rating. About a week ago, on July 10, Goldman Sachs initiated coverage of the stock with a “Buy” rating and a target price of $315. Based on the data provided by TipRanks, the investment company expressed the most optimism toward merchant silicon and EDA vendors linked to AI-related capital expenditures. Goldman Sachs analyst James Schneider also emphasized Broadcom’s dominance in custom silicon for U.S. hyperscalers, forecasting that AI could drive over 40% of total revenue by 2026. At press time, AVGO shares were trading at $300.96. Based on a total of 30 rankings on TipRanks, the average target price for the next 12 months sits at $300.96 as well. However, the most bullish target is as high as $400, while the lowest predictions go as low as $210. AVGO price prediction. Source: TipRanks MSFT price target as high as $605 The Microsoft situation is quite similar. Gregg Moskowitz of Mizuho Securities adjusted his target price from $500 to $540 on July 16 and kept the “Outperform” rating. However, the increased price comes ahead of the company’s Q2 earnings season for the software sector, and the investor cautioned that a modest uptick in deal delays could limit upside this quarter, as per TipRanks. On the same day, Cantor Fitzgerald and TD Cowen also reiterated their…
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