Broadcom shares rise 2.3% as $600 target and AI cash flow draw attention
Broadcom shares gained about 2.3% to $329.03 after Tigress Financial reiterated a Buy rating with a $600 target, according to GuruFocus.
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what happened
According to GuruFocus, on Monday at 10:50 a.m. ET Broadcom shares climbed about 2.29% to $329.03. Investors weighed a Buy rating from Tigress Financial and a $600 price target, which implies roughly 82.4% upside. The stock still sits 24.45% below the $435.54 GF Value.
In its fiscal third quarter, the company generated $13.7 billion of free cash flow, equal to 46% of revenue. AI semiconductors brought in $16.7 billion of the $29.59 billion in total sales, roughly 56.4%.
Management expects fourth-quarter AI chip revenue of $21.7 billion against total sales of $34.8 billion, which would put AI's share near 62.4%.
why it matters
The key question for the market is whether these forecasts are met. If Broadcom keeps generating strong cash while AI's share grows, investors will have firmer grounds to judge the analyst target. For now, the gap between the share price and that target depends largely on the promised growth.
market impact
Semiconductors and AI infrastructure: AVGO sentiment hinges on delivering the projected AI revenue and free cash flow
tags
instruments
sources
- Broadcom Stocks Rise 2.3% With $600 Target Spotlighting AI Cash — gurufocus.com, 26 October 2026 at 17:30 UTC
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