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Benzinga
Benzinga
Business
Surbhi Jain

Broadcom's AI Pivot Could Unlock $400 Breakout — But The Street's Still Catching Up

Broadcom AVGO OpenAI INC
Konskie,,Poland,-,January,03,,2024:,Broadcom,Inc,Company,Logo

Broadcom Inc (NASDAQ:AVGO) has long been seen as a steady cash generator with a reliable dividend. But the buzz around its OpenAI tie-up signals something bigger.

A potential pivot into high-margin AI infrastructure that could expand its moat and deliver growth investors haven't fully priced in. The stock trades around $350 and recent Wall Street analyst ratings indicate a price target of $400 in sight.

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