Morningstar Launches AI CRE and CMBS Analytics, Lifts Broadcom Target to $650
MORN•Morningstar raised Broadcom’s price target to $650 from $550 after the chipmaker reported $22.2 billion in Q2 revenue and $10.8 billion in AI semiconductor sales, up 143%. The company also introduced AI Access for CRE surveillance and CMBS analytics, enhancing its analytical product offerings and potential subscription revenue.
1. Research Upgrade on Broadcom
Morningstar analysts raised their price target on Broadcom to $650 from $550 after the chipmaker delivered a record Q2 revenue of $22.2 billion, up 48% year-over-year, and $10.8 billion in AI semiconductor sales, up 143%. A backlog of over $30 billion in AI bookings extended demand visibility into 2028, underpinning the target increase.
2. Launch of AI CRE and CMBS Analytics
Morningstar Credit Analytics rolled out AI Access, a platform combining commercial real estate surveillance and CMBS analytics to provide real-time underwriting insights and early risk flags. The new service expands the firm’s analytics suite and aims to drive subscription revenue by meeting growing demand for automated, data-driven real estate solutions.
