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Mizuho Sees Anthropic as Broadcom’s (AVGO) Fourth Hyperscale ASIC Partner, Raises Target
Yahoo Finance· 2025-10-24 02:51
Broadcom Inc. (NASDAQ:AVGO) is one of the Trending AI Stocks on Wall Street’s Radar. On October 21, Mizuho reiterated the stock as “Outperform” and raised its price target to $435 per share from $430. The firm now believes Anthropic is Broadcom’s fourth customer. “Reiterate AVGO at Outperform, raise PT to $435 (prior: $430), 42.7x our C26E P/E as we note AVGO now potentially with 5 Hyperscale ASIC customers (out of a possible ~7), as it continues to see its TAM/share expand with leadership in the AI ASIC ...