By Rameen Kasana
Publication Date: 2026-02-13 15:09:00
Broadcom Inc. (NASDAQ:AVGO) is among the most profitable mega cap stocks to buy. On February 6, Cathie Wood’s ARK ETF posted the daily trades for the day, outlining a significant purchase of Broadcom Inc. (NASDAQ:AVGO) shares. Through the acquisition of 87,148 shares, ARK invested around $27 million in the company.
A day prior to this, Jefferies maintained its Buy rating and $500 price target on Broadcom Inc. (NASDAQ:AVGO), which translates to an upside potential of approximately 45%. The firm highlighted the company’s solid footing in the AI and networking space. While responding to concerns related to the company’s custom on-package (COT) business, Jefferies noted that Broadcom is “well ahead” of MediaTek on v8 chips, adding that the company will sustain this advantage with v9 chips in timing and capabilities.
Sergiy Zavgorodny/Shutterstock.com
According to the firm’s bottom-up model,…
