Broadcom Potential Being Overlooked, Says New Bull -- Market Talk

Dow Jones

Jun 25, 2025

0538 GMT - Broadcom's revenue in the application-specific integrated circuits space could significantly beat market expectations, HSBC analysts say as they upgrade the stock to buy from hold. They reckon Broadcom's FY26-27 ASIC revenue potential is undervalued, noting rising capex toward ASIC projects. Trends suggest scope for higher pricing premiums, too. "We believe we now have better visibility into the ASIC project pipeline and expect Broadcom to have up to seven customers by FY27." They think ASIC revenue will start ramping more meaningfully from FY26, and continue into FY27. New customers in both FY26 and FY27 will help that momentum. The brokerage raises the stock's target to $400 from $240. Shares closed at $263.77. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

June 25, 2025 01:39 ET (05:39 GMT)

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They reckon Broadcom's FY26-27 ASIC revenue potential is undervalued, noting rising capex toward ASIC projects. Trends suggest scope for higher pricing premiums, too. \"We believe we now have better visibility into the ASIC project pipeline and expect Broadcom to have up to seven customers by FY27.\" They think ASIC revenue will start ramping more meaningfully from FY26, and continue into FY27. New customers in both FY26 and FY27 will help that momentum. The brokerage raises the stock's target to $400 from $240. Shares closed at $263.77. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2025 01:39 ET (05:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Broadcom Potential Being Overlooked, Says New Bull -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBroadcom Potential Being Overlooked, Says New Bull -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-25 13:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0538 GMT - Broadcom's revenue in the application-specific integrated circuits space could significantly beat market expectations, HSBC analysts say as they upgrade the stock to buy from hold. They reckon Broadcom's FY26-27 ASIC revenue potential is undervalued, noting rising capex toward ASIC projects. Trends suggest scope for higher pricing premiums, too. \"We believe we now have better visibility into the ASIC project pipeline and expect Broadcom to have up to seven customers by FY27.\" They think ASIC revenue will start ramping more meaningfully from FY26, and continue into FY27. New customers in both FY26 and FY27 will help that momentum. The brokerage raises the stock's target to $400 from $240. Shares closed at $263.77. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2025 01:39 ET (05:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0082616367.USD","symbol_name":"摩根大通美国科技A（dist）","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2546262078","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546262078","pubTimestamp":1750829940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0538 GMT - Broadcom's revenue in the application-specific integrated circuits space could significantly beat market expectations, HSBC analysts say as they upgrade the stock to buy from hold. 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They reckon Broadcom's FY26-27 ASIC revenue potential is undervalued, noting rising capex toward ASIC projects. Trends suggest scope for higher pricing premiums, too. \"We believe we now have better visibility into the ASIC project pipeline and expect Broadcom to have up to seven customers by FY27.\" They think ASIC revenue will start ramping more meaningfully from FY26, and continue into FY27. New customers in both FY26 and FY27 will help that momentum. The brokerage raises the stock's target to $400 from $240. Shares closed at $263.77. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 25, 2025 01:39 ET (05:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}