Broadcom Inc. (NASDAQ:AVGO) is one of the best major stocks to invest in right now. On January 5, Goldman Sachs analysts added Broadcom Inc. (NASDAQ:AVGO) to their US Conviction List and maintained a Buy rating on the stock with a $450 price target. The addition came as part of the firm’s monthly update, with the firm stating that Broadcom Inc.’s (NASDAQ:AVGO) “dominant” position in the enterprise networking silicon is expected to drive market share gains in customer silicon processors for the major hyperscalers in the US.
Broadcom Inc. (NASDAQ:AVGO) also received a rating update from Truist on December 19, with the firm lifting the price target on the stock to $510 from $500 while keeping a Buy rating.
In addition, UBS analyst Timothy Arcuri also lifted the price target on Broadcom Inc. (NASDAQ:AVGO) to $475 from $472 on December 15 and maintained a Buy rating on the shares. The firm told investors in a research note that although the sharp pullback on Friday reflected the extent to which consensus-long the stock has become, the recent management discussions show that there has been a “significant overreaction by the market.”
It added that commentary on AI semiconductor revenue backs increased expectations for fiscal year 2026, supporting upward estimate revisions. Arcuri lifted his estimates based on the AI semi revenue commentary for fiscal year 2026, and now expects AI semi revenue to surpass $60 billion, nearly tripling year-over-year. The analyst also raised the F27 revenue estimate to $135 billion and EPS to $14.15.
Broadcom Inc. (NASDAQ:AVGO) is a leading multinational technology company specializing in semiconductor and infrastructure software products.
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Disclosure: None. This article is originally published at Insider Monkey.
