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Top analyst revisits Broadcom stock price target amid December surge

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Broadcom shares move higher in early Monday trading, putting the stock on pace for a December gain of around 40% .

Analyst Timothy Arcuri of UBS lifted his price target by $ 50 , to $ 270 per share, in a note published Monday .

The AI chipmaker's market leadership in custom AI chips has led the group to the $1 trillion mark this month .