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Market Insights on Broadcom and Meta Platforms
Analysts predict significant upsides for Broadcom and Meta Platforms. Blayne Curtis of Jefferies expects a 29% rise in Broadcom’s stock, forecasting a price target of $480 per share, while Scott Devitt from Wedbush anticipates a 47% increase for Meta, setting a target at $920 per share.
Currently, Broadcom, a leader in artificial intelligence (AI) accelerators, reported a 22% increase in revenue to $16 billion for Q3, with non-GAAP earnings per share rising 36% to $1.69. Meanwhile, Meta Platforms’ revenue grew 26% to $51 billion in the same quarter, with net income at $7.25 per diluted share. Despite strong earnings, Meta’s stock faced a sell-off following its announcement of increased AI investments, presenting a potential buying opportunity.
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