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JPM Elevates Broadcom's TP to USD475, Forecasts Annual AI-Related Rev. to Rise 65% YoY
2025-12-15 12:23:02
According to JPMorgan's research report, Broadcom (AVGO.US)'s results and guidance significantly exceeded market and buy-side expectations, but aligned with the broker's original forecast, primarily due to accelerated growth in customized AI chips (XPU) and network business.

JPMorgan expects Broadcom's annual AI-related semiconductor revenue to grow by around 65% YoY to about USD20 billion and to at least USD55-60 billion in FY26.

Broadcom's target price has been raised from USD400 to USD475, with a rating reiterated as Overweight. The company also remains JPMorgan's top pick in the semiconductor sector.
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