5 Best Long Term US Stocks to Buy Right Now

2. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 202

5-Year Average Revenue Growth: 21.42%

On May 18, UBS analyst Timothy Arcuri raised the firm’s price recommendation on Broadcom Inc. (NASDAQ:AVGO) to $490 from $475. It reiterated a Buy rating on the shares. The firm updated its model ahead of Broadcom’s Q2 earnings report.

On May 15, TD Cowen raised its price objective on AVGO to $500 from $405 and kept a Buy rating on the stock as part of an off-cycle preview for compute semiconductor earnings. The analyst said AI capital spending continues to move higher as investors look for the next “bottleneck” tied to infrastructure buildouts. According to TD Cowen, that trend has created a “bifurcation within the infrastructure trade,” with larger accelerator companies lagging while optical companies move higher on expectations of future shortages. TD Cowen also raised its estimates, citing continued momentum across the sector. The firm now expects data center silicon spending to reach $1.3 trillion by 2030, up from its earlier estimate of $1.2 trillion.

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies semiconductors, enterprise software, and security solutions. The company operates through two business segments: semiconductor solutions and infrastructure software.