Broadcom Inc. (AVGO) is one of the 12 most profitable NASDAQ stocks to buy right now. Bank of America Securities analyst Vivek Arya reiterated a Buy rating on January 27 with a price target of $500, projecting 38% upside. RBC Capital Markets analyst initiated coverage with a Sector Perform rating and $370 price target on January 15, citing strong momentum for TPUs. The stock is currently rated a Strong Buy with a one-year average share price target of $457.75. AVGO is a key player in the semiconductor and infrastructure software products industry. While AVGO shows promise, some AI stocks may offer better upside potential. If you’re seeking an undervalued AI stock benefiting from tariffs and onshoring, explore our free report on the best short-term AI stock.
Read more at Yahoo Finance: Wall Street Projects 38% Upside To Broadcom Inc. (AVGO)
