From Yahoo Finance: 2025-05-17 04:18:00

Broadcom Inc. (NASDAQ:AVGO) offers a wide range of technology solutions, including semiconductor, enterprise software, and security products. Seaport Global sees great potential in AVGO due to its strong position in the AI market. The company has key strengths in custom silicon and an impressive customer base, including Google, Apple, and TikTok.

Seaport Global Securities initiated coverage on Broadcom Inc. (NASDAQ:AVGO) with a “Buy” rating and a price target of $230. The firm believes that AVGO is well-positioned to benefit from the current AI spending boom, with untapped potential in the stock price. The company’s competitive advantages in networking products and SERDES technology were highlighted.

While AVGO shows promise, Seaport Global suggests other AI stocks may offer higher returns. The company’s strong position in the semiconductor industry and relationships with key customers like Google and Apple are key advantages. Investors seeking AI opportunities with greater upside potential may want to explore other options beyond AVGO.

Read more: Seaport Global Sees Big AI Potential for Broadcom (AVGO) Stock