By Vardah Gill
Publication Date: 2025-12-08 17:39:00
Broadcom Inc. (NASDAQ:AVGO) is included among the 14 Best US Stocks to Buy for Long Term.
Photo by Vitaly Taranov on Unsplash
On December 4, Susquehanna analyst Christopher Rolland raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $450 from $400 and maintained a Positive rating on the shares. The update came ahead of the company’s earnings, which are expected on December 11. According to the firm, the new Google TPUv7 (GOOG) and growing AI networking demand should drive growth in Q3 and Q4. Looking ahead, a wider ASIC customer base is expected to fuel stronger performance in the second half of 2026.
Broadcom Inc. (NASDAQ:AVGO)’s key significant growth opportunity now lies in its ASIC business. These custom-made chips, which are designed to handle specific tasks, are more efficient in running those tasks than general chips like GPUs. Since AI systems in…