Broadcom (AVGO) Should Be Up A Lot, Says Jim Cramer

We recently published 12 Stocks on Jim Cramer’s Radar.  Broadcom Inc. (NASDAQ:AVGO) is one of the stocks on Jim Cramer’s radar.

Semiconductor designer Broadcom Inc. (NASDAQ:AVGO)’s shares are up by 47% over the past year and are down by 4.4% year-to-date. Wells Fargo was out with a strong note for the firm in mid-January. It upgraded the shares to Overweight from Equal Weight and raised the price target to $430. Some factors that played into Wells Fargo’s optimism for Broadcom Inc. (NASDAQ:AVGO) were the growth in the software infrastructure market and the AI semiconductor industry. More recently, Jefferies reiterated a Buy rating and a $500 share price target on Broadcom Inc. (NASDAQ:AVGO)’s shares. The financial firm noted that Google parent Alphabet’s capital expenditure guidance and Broadcom Inc. (NASDAQ:AVGO)’s strength in the custom-on-package were some factors that drove its optimism about the company. Cramer has also discussed the chip firm several times…