Bernstein Remains Bullish on Broadcom (AVGO)

Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks to invest in right now. In a report released on September 16, Stacy Rasgon from Bernstein maintained a Buy rating on Broadcom Inc. (NASDAQ:AVGO) and set a price target of $400.00.

AVGO Stock: A Strong Buy Pick Backed by Robust Cash Flow and Dividend Growth

Broadcom Inc. (NASDAQ:AVGO) reported $15.952 billion in revenue in fiscal Q3 2025, up 22% compared to the same period last year.

GAAP net income for the quarter reached $4.140 billion, while net income was $8.404 billion. The company also reported an adjusted EBITDA of $10.702 billion, or 67% of revenue.

Broadcom Inc. (NASDAQ:AVGO) is a leading multinational technology company specializing in semiconductor and infrastructure software products.

While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.