D.A. Davidson lifts Broadcom price target to $400 on AI demand
Analyst Gil Luria of D.A. Davidson upgraded Broadcom to a Buy and raised his 12‑month price target from $350 to $400. He cited accelerating AI demand and Anthropic’s upcoming IPO as drivers of future revenue. Broadcom shares were trading around $340.69 at the time of the note. The analyst noted a projected 17.41% upside and highlighted Anthropic’s $161.2 billion lease commitment for Broadcom’s computing capacity.
Why it matters
The higher target suggests analysts expect a near‑term rally, which could lift investor sentiment and support the stock price. The note also signals that Broadcom may benefit from sizable AI‑related leasing revenue from Anthropic.
Key facts
- 1Gil Luria raised Broadcom’s 12‑month price target to $400 from $350. finbold.com
- 2Broadcom’s rating was upgraded to ‘Buy’ from ‘Neutral’. finbold.com
- 3Broadcom was trading at $340.69 at press time. finbold.com
- 4Luria estimated a 17.41% upside over the next 12 months. finbold.com
- 5Analysts surveyed by TipRanks have an average 12‑month target of $523.72. finbold.com
- 6Anthropic’s lease agreements with Broadcom represent $161.2 billion in rent payments. tokenpost.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.