Long-Term Stock Portfolio: 10 Best Stocks for 20 Years

5. Broadcom Inc. (NASDAQ:AVGO)

Market Cap: $1.5 Trillion

Number of Hedge Fund Holders: 156

Broadcom Inc. (NASDAQ:AVGO) is one of the best stocks for a 20-year long-term stock portfolio. On August 28, an Oppenheimer analyst raised his price target on Broadcom Inc. (NASDAQ:AVGO) to $325 from $305, reiterating an Outperform rating ahead of the company’s Q3 results.

The analyst expects the company to report a strong quarter and provide a robust Q4 outlook, based on its leadership in AI networking and compute businesses. He highlighted Broadcom Inc.’s (NASDAQ:AVGO) position as the leading supplier of custom AI ASICs, with projects at leading tech companies, including Google, Meta, and ByteDance.

This came shortly after Citi analyst Christopher Danely reiterated his Buy rating with a $315 target on August 26. He expected Q3 earnings to top consensus, with AI-related revenue contributing around 30% of FY25 sales. Danely also pointed out that Broadcom Inc.’s (NASDAQ:AVGO) broader portfolio helps offset potential margin pressure.

Together, these updates suggest confidence in Broadcom Inc.’s (NASDAQ:AVGO) ability to deliver both near-term upside and sustained growth, supported by its leadership in AI and diversified revenue streams.

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions.