Wells Fargo Upgrades Broadcom Inc. (AVGO) to Overweight From Equal Weight

Wells Fargo Upgrades Broadcom Inc. (AVGO) to Overweight From Equal Weight

By Noor Ul Ain Rehman
Publication Date: 2026-01-18 17:29:00

Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks to buy in 2026 for beginners. Wells Fargo upgraded Broadcom Inc. (NASDAQ:AVGO) to Overweight from Equal Weight on January 15 and set a price target of $430.

AVGO Stock: A Strong Buy Pick Backed by Robust Cash Flow and Dividend Growth

In a separate development, KeyBanc reiterated a Buy rating on Broadcom Inc. (NASDAQ:AVGO) on January 12 and set a price target of $500. Broadcom Inc. (NASDAQ:AVGO) also received a rating update from Mizuho on January 9, which lifted the price target on the stock to $480 from $450 while keeping an Outperform rating on the shares. The firm told investors that it adjusted the price targets in the semiconductors and semiconductor capital equipment group to reflect its 2026 outlook.

While the firm sees continued upside for the group in 2026, primarily due to “attractive valuations”, it does believe that they would be more modest than 2025. Broadcom Inc. (NASDAQ:AVGO) ranks among the…