Broadcom is rated a "Buy" with a $450 price target, offering ~25% upside as the market overstates its customer financing risk. AVGO's derating reflects concerns over a $29B deficiency guarantee and $42B convertible facility, yet its robust cash flow and capped exposures support valuation. AI revenue guidance remains strong, with FY2028 targeted at $230B and EPS estimates of $30, while current multiples (20x FY27, 12x FY28) appear attractive.
Read on seekingalpha.com