By Ali Ahmed
Publication Date: 2026-01-25 03:29:00
Broadcom Inc. (NASDAQ:AVGO) is one of the 12 Best 5G Stocks to Invest in According to Hedge Funds. On January 15, Wells Fargo increased its price target on Broadcom Inc. (NASDAQ:AVGO) from $410 to $430 and upgraded its rating from Equal-Weight to Overweight.
Wells Fargo noted that the recent weakness in the share price has created a better entry point for investors. The firm also pointed to growing confidence in new growth drivers that could support Broadcom Inc. (NASDAQ:AVGO) through 2026. Wells Fargo raised its estimates for the company for calendar years 2026 and 2027 based on stronger expectations for the AI semiconductor revenue.
Earlier, on January 9, Bernstein reaffirmed its Outperform rating on Broadcom Inc. (NASDAQ:AVGO) with a price target of $475 after meeting with the company’s leadership. The discussion focused on investor concerns about growing competition in the AI space.