By Noor Ul Ain Rehman
Publication Date: 2026-03-08 12:08:00
Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks with huge upside potential to buy according to Reddit.
On March 2, RBC Capital cut the price target on Broadcom Inc. (NASDAQ:AVGO) to $340 from $370 while maintaining a Sector Perform rating on the shares. The rating update came ahead of the company’s fiscal Q1 results, with the firm stating that it expects Broadcom Inc. (NASDAQ:AVGO) to report a beat/raise driven by strong TPU/Networking demand. However, it also added that while it is not overly concerned about competition from MediaTek, the sustainability of Anthropic demand beyond the first half of FY27 looks less clear, especially given Anthropic’s agreement with Microsoft and Nvidia.
The rating update came the same day Broadcom Inc. (NASDAQ:AVGO) unveiled the future of VMware Telco Cloud Platform, a private cloud platform for telco data centers. Management stated that built on…
