By Miko Ilas
Publication Date: 2026-03-12 18:24:00
Broadcom Inc. (NASDAQ:AVGO) is among the 11 best robotics stocks to buy right now.
On March 6, DA Davidson raised its price target on Broadcom Inc. (NASDAQ:AVGO) to $375 from $335 while maintaining a Neutral rating on the shares. The firm cited Broadcom’s first-quarter results, which beat consensus estimates by 0.1%, as a factor for setting a higher price target. Broadcom Inc. (NASDAQ:AVGO) attributed the performance to a compute-constrained environment that positions it favorably for the short to medium term. The semiconductor giant’s revenue surged 25% year-over-year to $68.3 billion, while maintaining an impressive gross profit margin of 77%.
DA Davidson noted that Broadcom Inc. (NASDAQ:AVGO) communicated a planned roadmap for a 2027 deployment of almost 10 gigawatts of compute, which the firm viewed as a testament to the company’s internal competencies and its position as the leading accelerator alternative to NVIDIA. The analyst also noted that the new price…
