From Yahoo Finance: 2025-04-30 14:53:00

In a list of 30 stocks that should double in 3 years, Broadcom Inc. (NASDAQ:AVGO) is highlighted for its growth potential. The market’s recent gains are attributed to strong performances by major tech companies like Broadcom, which recently introduced advanced technologies like co-packaged optics and PCIe Gen6 over optics.

Despite concerns about a recession, Aureus Asset Management’s Kari Firestone believes the market is fairly valued. She notes that leading tech giants are crucial to the US economy’s progress. Firestone also addresses the impact of proposed FDA budget cuts on biotech innovation, stating that the market has already priced in these risks.

Barclays analyst Tom O’Malley lowered Broadcom’s price target but maintained an Overweight rating due to strong projections. Mar Vista US Quality Select Strategy expresses a positive long-term outlook on AVGO, despite concerns about tariffs and AI infrastructure investments. AVGO ranks 7th on the list of stocks expected to double in 3 years.

With conviction in AI stocks’ growth potential, AVGO is seen as promising, but there are AI stocks with higher returns trading at lower valuations. For those interested in AI investments, exploring other opportunities may yield significant gains. Check out our report on the cheapest AI stock for more details.



Read more at Yahoo Finance: Is Broadcom Inc. (NASDAQ:AVGO) a Stock That Should Double in 3 Years?