Wells Fargo Upgrades Broadcom Inc. (AVGO) to Overweight From Equal Weight

In a abstracted development, KeyBanc reiterated a Buy standing connected Broadcom Inc. (NASDAQ:AVGO) connected January 12 and acceptable a terms people of $500. Broadcom Inc. (NASDAQ:AVGO) besides received a standing update from Mizuho connected January 9, which lifted the terms people connected the banal to $480 from $450 portion keeping an Outperform standing connected the shares. The steadfast told investors that it adjusted the terms targets successful the semiconductors and semiconductor superior instrumentality radical to bespeak its 2026 outlook.

While the steadfast sees continued upside for the radical successful 2026, chiefly owed to “attractive valuations”, it does judge that they would beryllium much humble than 2025. Broadcom Inc. (NASDAQ:AVGO) ranks among the firm’s apical picks for 2026. Mizuho considers AI accelerators, wafer fab equipment, Optical, and representation to beryllium the apical sectors for 2026, and is maintaining a cautious outlook connected EVs, autos, and analog, on with computers and handsets.

In different development, Goldman Sachs analysts added Broadcom Inc. (NASDAQ:AVGO) to their US Conviction List connected January 5 and maintained a Buy standing connected the banal with a $450 terms target. The summation came arsenic portion of the firm’s monthly update, with the steadfast stating that Broadcom Inc.’s (NASDAQ:AVGO) “dominant” presumption successful the endeavor networking silicon is expected to thrust marketplace stock gains successful lawsuit silicon processors for the large hyperscalers successful the US.

Broadcom Inc. (NASDAQ:AVGO) is simply a starring multinational exertion institution specializing successful 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. This nonfiction is primitively published at Insider Monkey.