Shares of (NASDAQ: AVGO) rallied 5.3% on Monday, as of 1:18 p.m. ET.

Broadcom received a bullish note and price target upgrade from a Wall Street sell-side analyst today, building upon the blowout 2027 guidance management gave on the company's recent earnings call.

On Monday, UBS analyst Timothy Arcuri raised his target on Broadcom from $220 to $270 per share, while maintaining his bullish stance on the name.

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Source Fool.com