JPMorgan's top two chip stock picks right now
JPMorgan on Monday shared with its clients the firm’s best semiconductor stock ideas. The bank’s chip sector analyst Harlan Sur looked through his entire coverage universe and said Broadcom and Lam Research were the two companies he had the highest conviction in for solid returns this year.
Here are the two Overweight-rated companies that made his “Top Picks” list and their price targets. Broadcom The firm has a $325 price target for Broadcom stock, representing 17% upside to the current stock price. Sur is optimistic about the company’s artificial intelligence chip pipeline. He predicts Broadcom’s chip content in this year’s iPhone will rise by more than 15%, and the company’s free cash flow will increase by more than 20% this year.
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