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UBS Remains Bullish on Broadcom (AVGO) Amid Strong Server Demand and Limited Near-Term Earnings Upside
UBS maintains a ‘Buy’ rating on Broadcom (AVGO) despite lowering its price target from $330 to $310, citing strong server demand but limited near-term earnings per share upside due to a reduction in its gaming business. The firm projects strong EPS growth for 2027 and 2028, supported by positive CPU and GPU fundamentals. Broadcom also recently launched a new Wi-Fi 8 solution for AI-ready enterprise networks, enhancing its offerings for hybrid work environments and AI factories.