UBS has increased its target price for Broadcom to $270 and maintained a "Buy" rating after the company's recent quarterly results.
Analyst Timothy Arcuri emphasized Broadcom's insights into the addressable market and expected outcomes, particularly in the AI networking sector.
UBS has also raised its revenue projections for Broadcom's AI segment for the financial years 2026 and 2027, reflecting a positive outlook on the company's growth potential in the AI landscape.