By Noor Ul Ain Rehman
Publication Date: 2026-06-09 17:24:00
Broadcom Inc. (NASDAQ:AVGO) is one of the best NASDAQ stocks to buy and hold for 3 years. Broadcom Inc. (NASDAQ:AVGO) received a rating update from Benchmark on June 4. The firm lifted the price target on the stock to $545 from $485 and maintained a Buy rating on the shares, stating that shares sold off by about 13% after-hours despite record Q2 results, a 4c EPS beat, and Q3 revenue guidance $1.15B above consensus. The firm blames this on the market “measuring the report against an elevated AI semiconductor bar rather than published estimates”.
According to Benchmark, a further contributor to the stock’s weakness was management’s public acknowledgment that Google, which is Broadcom Inc.’s (NASDAQ:AVGO) largest TPU customer, is expected to diversify its TPU supplier base as its own AI compute consumption expands. However, despite that, the firm also believes that this…