Broadcom Inc. (NASDAQ:AVGO) is one of the 10 AI stocks that Jim Cramer and analysts are watching. On June 9, Barclays analyst Tom O’Malley raised the price target on AVGO shares to $265 from $215 and kept an Overweight rating. The firm stated that demand for artificial intelligence custom silicon remains strong. It also noted that Broadcom’s non-core end markets are showing signs of stabilization.

On the same day, Citi raised its price target on AVGO to $285 from $276 and maintained a Buy rating. The firm noted that the company reported mixed results and guidance. Strength in artificial intelligence was offset by lower margins, attributed to product mix and increased options expense. The firm stated that margins were guided lower due to a higher semiconductor mix. The firm noted that the company expects its AI business to grow 60% year-over-year in fiscal 2025 and 2026, supported by increased adoption.

A technician working at a magnified microscope, developing a new integrated circuit.

It is worth noting that the company was mentioned by Cramer on June 9, as he stated:

“There’s nothing more frustrating than watching one of your favorite companies report a strong quarter only to see the market find some reason to send the stock lower, but in retrospect, these can be great buying opportunities. Just look at what happened to Broadcom last week… long-time Cramer fave, big holding in my Charitable Trust. But the stock sold off hard after the company reported on Thursday night…