Broadcom Stock: Anthropic IPO as a Turbo? - Börse Express
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Following Anthropic's IPO filing, D.A. Davidson sees better conditions for Broadcom's growth and upgraded the stock to "Buy" today. The financing of future chip purchases supports this assessment. However, Broadcom is itself taking on substantial hedging risks in the process. The stock is gaining 4.6% today – investors are rewarding the better prospects for funded AI orders. The analytical firm raised its price target from 350 to 400 US dollars and abandoned its previous "Neutral" rating. Analyst Gil Luria views Anthropic's IPO filing as an indication that the planned public offering could actually take place and bring in fresh capital. His thesis extends beyond Anthropic: a successful IPO could also pave the way for OpenAI to raise its own capital next year. This would create important conditions for Broadcom to meet its growth expectations for the coming years. Luria expressly ties the additional potential to the realization of both financings. According to his assessment, Broadcom is trading at 16 times its expected earnings for 2027. The valuation appears attractive to him in view of the potential capital inflows. This is a conditional investment thesis, not a confirmation of already secured future profits. The concrete foundation is provided by the financing package for Anthropic announced yesterday. A special purpose vehicle is to purchase 63 billion US dollars worth...
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