Wall Street Projects 38% Upside To Broadcom Inc. (AVGO)

This is simply a reaffirmation of the bank’s erstwhile update connected the banal astir mid-December, erstwhile it lifted the terms people to $500 from $460, citing beardown prospects of AI growth.

In related news, RBC Capital Markets expert Srini Pajjuri initiated sum of Broadcom Inc. (NASDAQ:AVGO) connected January 15 with a Sector Perform standing and a $370 terms target.

In a probe enactment to investors, the expert cited beardown momentum for TPUs successful the abbreviated term, portion adding that determination was immoderate uncertainty astir the magnitude of the opportunities from OpenAI and Anthropic. Moreover, Pajjuri justified the Sector Perform rating, saying that the banal was trading astatine a 25% premium to Nvidia.

Based connected recommendations from 30 analysts, the banal is simply a Strong Buy, with a one-year mean stock terms people of $457.75, representing 38% upside arsenic of January 30.

Broadcom Inc. (NASDAQ:AVGO) is simply a starring developer, manufacturer, and supplier of semiconductor and infrastructure bundle products.

While we admit the imaginable of AVGO arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None.