By Sheryar Siddiq
Publication Date: 2026-03-17 12:42:00
Broadcom Inc. (NASDAQ:AVGO) ranks among the best FAANG+ stocks to invest in right now. On March 5, Rosenblatt boosted its price target for Broadcom Inc. (NASDAQ:AVGO) to $500, up from an unknown previous level, while retaining a Buy rating on the company’s shares. The firm referenced Broadcom’s first-quarter fiscal 2026 results, which matched expectations, and second-quarter revenue projections, which beat average forecasts by 10%.
Rosenblatt emphasized comments from CEO Hock Tan, who stated that the company’s fiscal 2027 visibility has significantly increased, with the company adding a path to achieving AI chip revenue of more than $100 billion.
Meanwhile, Baird had recently boosted its price target for Broadcom Inc. (NASDAQ:AVGO) to $630 from $420, maintaining an Outperform rating on the stock. The firm praised Broadcom’s unique ASIC technology and execution skills, as well as its strong networking deployment, which increases product mix. According to Baird,…
