By Noor Ul Ain Rehman
Publication Date: 2026-01-09 09:21:00
Broadcom Inc. (NASDAQ:AVGO) is one of the best major stocks to invest in right now. On January 5, Goldman Sachs analysts added Broadcom Inc. (NASDAQ:AVGO) to their US Conviction List and maintained a Buy rating on the stock with a $450 price target. The addition came as part of the firm’s monthly update, with the firm stating that Broadcom Inc.’s (NASDAQ:AVGO) “dominant” position in the enterprise networking silicon is expected to drive market share gains in customer silicon processors for the major hyperscalers in the US.
Broadcom Inc. (NASDAQ:AVGO) also received a rating update from Truist on December 19, with the firm lifting the price target on the stock to $510 from $500 while keeping a Buy rating.
In addition, UBS analyst Timothy Arcuri also lifted the price target on Broadcom Inc. (NASDAQ:AVGO) to $475 from $472 on December 15 and maintained a Buy rating on the shares. The firm…
