10 Best 5G Stocks to Invest in According to Analysts

7. Broadcom Inc. (NASDAQ:AVGO)

Analyst Upside: 13.09%

Number of Hedge Fund Holders: 158

Broadcom Inc. (NASDAQ:AVGO) is on our list of the 10 best 5G stocks to invest in according to analysts. Bernstein SocGen Group analysts raised their price target for Broadcom Inc. (NASDAQ:AVGO) from $250 to $295 on June 6 while maintaining an Outperform rating on the company’s shares. The update follows Broadcom’s fiscal second-quarter 2025 earnings report, which revealed robust software and chip operations success.

Having reported software revenues of $6.6 billion and semiconductor sales of $8.4 billion, Broadcom’s quarterly earnings of $15 billion were in line with consensus estimates. The company’s artificial intelligence division is expected to keep growing, with sales expected to reach $30 billion in 2026, roughly $4–5 billion more than current consensus estimates.

Despite a strong earnings report, aftermarket trading saw a minor drop in Broadcom’s shares, which was explained by the heightened anticipation before the results release. Analysts pointed out that any persistent decline in the core semiconductor sector is more than offset by the development potential of the AI division.

Broadcom Inc. (NASDAQ:AVGO) is a multinational semiconductor company specializing in the design, development, and distribution of a wide range of products. Notably, Apple and Broadcom Inc. (NASDAQ:AVGO) inked a major multiyear, multibillion-dollar deal in 2023 for the development of 5G radio frequency components, such as FBAR filters, and advanced wireless connectivity components.