UBS has raised its price target for Broadcom Limited shares to $270 from $220, maintaining a Buy rating, driven by optimistic AI revenue projections for FY26 and FY27, expecting increases of 20% and 40%, respectively. The company has shown strong momentum with nearly 100% year-to-date returns and a 44% revenue growth over the past year, bolstered by significant demand in the AI sector. Broadcom's AI revenues are projected to reach $17-18 billion in FY25, reflecting a threefold increase year-over-year, as the company anticipates substantial growth in its semiconductor serviceable available market.
