These 2 Artificial Intelligence (AI) Stocks Could Soar by 66% and 46%, According to Wall Street
A lot will depend on whether AI-related spending continues to grow at a good clip.
Overview
Micron Technology (NASDAQ:MU) and Broadcom (NASDAQ:AVGO) have been among the biggest beneficiaries of the ongoing artificial intelligence (AI) revolution. Both have seen their shares soar over the past few years as a result. Micron is up about 1170% since 2021, while Broadcom has climbed 647% over the same period. Is there more upside left for these companies? Wall Street certainly thinks so.
Micron's average price target (according to Yahoo! Finance) is currently $1,515.11, implying an upside of about 66% from current levels. Meanwhile, Broadcom has an average price target of $526.30, so the Street thinks it could rise almost 46% over the next year. Should investors rush to buy shares of Micron and Broadcom based on these price targets? Let's find out.
Image source: The Motley Fool.
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Originally published at www.fool.com.