Following the release of Broadcom's third-quarter report, multiple investment banks revised their target price projections for the company. Notably, Melius Research substantially increased Broadcom's target price, elevating it from $335 to $415. After the market closed on Thursday, Broadcom's reported earnings for the third quarter, along with its revenue guidance for AI chips in the fourth quarter, both surpassed market expectations. Specifically, Broadcom's adjusted earnings per share for the third quarter stood at $1.69, outperforming the market's anticipated $1.67. Its adjusted net revenue reached $15.95 billion, surpassing the market's forecast of $15.84 billion. Moreover, the revenue from AI chip semiconductors amounted to $5.2 billion, exceeding the market's expectation of $5.11 billion. Looking ahead, Broadcom anticipates its fourth-quarter revenue to approximate $17.4 billion, outstripping the market's estimate of $17.05 billion. It also projects its fourth-quarter revenue from AI semiconductors to hit $6.2 billion, surpassing the market's expectation of $5.82 billion.