By Ghazal Ahmed
Publication Date: 2025-11-25 17:13:00
Broadcom Inc. (NASDAQ:AVGO) is one of the AI Stocks in Focus on Wall Street. On November 20, Raymond James assumed coverage on the stock with an “Outperform” rating and a price target of $420.00.
Raymond James believes there is upside for several semiconductor stocks, including Nvidia (NVDA), AMD (AMD), and more.
“The AI secular theme has taken the wheel, and the strategy of trading the cycle in semis has moved to the back seat. Each of these companies is impressive in its own way. We are AI bulls yet acknowledge the rich valuations and risk, but these are high-quality compounders with long-term growth rates above their cost of capital. We are in the midst of an unprecedented structural shift in the technology landscape, and semiconductors are foundational elements.”
Particularly for Broadcom, the firm believes AI share gains, margin strength, and underappreciated software cash flows will support long-term upside.
“We resume coverage of Broadcom Inc….
