By Ali Hassan
Publication Date: 2026-03-13 05:46:00
Broadcom Inc. (NASDAQ:AVGO) is one of the 11 Best Large-Cap Tech Stocks to Invest In.
On March 6, TheFly reported that Morgan Stanley analyst Joseph Moore lifted the price target on Broadcom Inc. (NASDAQ:AVGO) from $462 to $470, keeping an Overweight rating on the stock.
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Moore remains positive on Broadcom following its robust quarterly performance, achieving a record Q1 FY2026 revenue of $19.31 billion, up 29% from a year ago. The company also generated a record $13.1 billion in adjusted EBITDA. The analyst highlighted that the robust AI demand continues to drive upside for Broadcom, with networking outcomes surpassing expectations and previous margin concerns easing.
Moore also mentioned the company’s long-term visibility, citing its custom AI ASIC programs. The hyperscaler customers could drive significant growth for Broadcom through FY2026, added Moore.
The…
