Broadcom gains as Rosenblatt bumps price target amid AI strength

• Broadcom (NASDAQ:AVGO) shares ticked up in premarket trading on Thursday after Rosenblatt Securities raised its price target on the technology company, citing continued momentum in artificial intelligence.
• Strength in AI-related infrastructure networking and the company's application specific integrated circuit business, along with improved synergies in enterprise software are encouraging, Rosenblatt analyst Hans Mosesmann said. Mosesmann raised his price target on Broadcom to $2,400 from $1,650 and maintained his Buy rating.

‍

Link to full article