Morgan Staneley Expects Strong Ramp In Broadcom (AVGO)’s Networking And ASICs Segments; Raises PT To $485
Key takeaways
- (NASDAQ:AVGO) ranks among the best AI infrastructure stocks and has 8.6% upside potential.
- (NASDAQ:AVGO) heads into its quarterly report with analysts expecting the company’s AI-driven growth to remain firmly intact.
- On June 1, 2026, Morgan Stanley analyst Joseph Moore raised the firm’s price target on the stock to $485 from $470 and maintained an “Overweight” rating ahead of results scheduled after the market close on June 3, 2026.
Morgan Staneley Expects Strong Ramp In Broadcom (AVGO)’s Networking And ASICs Segments; Raises PT To $485 Faheem Tahir Thu, June 4, 2026 at 11:11 PM GMT+7 2 min read AVGO With strong hedge fund and Wall Street support, Broadcom Inc. (NASDAQ:AVGO) ranks among the best AI infrastructure stocks and has 8.6% upside potential.
Broadcom Inc. (NASDAQ:AVGO) heads into its quarterly report with analysts expecting the company’s AI-driven growth to remain firmly intact.
On June 1, 2026, Morgan Stanley analyst Joseph Moore raised the firm’s price target on the stock to $485 from $470 and maintained an “Overweight” rating ahead of results scheduled after the market close on June 3, 2026. The firm expects Broadcom Inc. (NASDAQ:AVGO) to meet elevated investor expectations, supported by a strong ramp in both networking and application-specific integrated circuits (ASICs). Moore also said Broadcom is likely to retain a strong majority of the Tensor Processing Unit (TPU) business.