Oil pulls back, Broadcom disappoints - what’s moving markets

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Rosenblatt Assumes Broadcom Limited (AVGO) at Buy

September 3, 2026 6:42 AM EDT

Rosenblatt analyst Sajal Dogra assumes coverage on Broadcom Limited (NASDAQ: AVGO) with a Buy rating and a price target of $600.00.

The analyst comments "Broadcom guided FY27/FY28 AI revenue to $115B/$230B, though demand remains well ahead of guided revenue. We view the ~$350B two-year outlook as constrained primarily by power, shell readiness and physical deployment rather than end-demand, creating a longer and stronger revenue pipeline as the balance of the roughly 30GW disclosed customer roadmap is deployed through FY28 and beyond. AVGO shares have... More