Mizuho Raises Firm’s PT on Broadcom (AVGO) Stock

Broadcom Inc. (NASDAQ:AVGO) is one of the Best Fundamental Stocks to Buy According to Analysts. On January 9, Mizuho analyst Vijay Rakesh lifted the firm’s price objective on Broadcom Inc. (NASDAQ:AVGO)’s stock to $480 from $450, while keeping an “Outperform” rating, as reported by The Fly. The firm adjusted its targets in the broader semiconductors and semiconductor capital equipment group as part of the 2026 outlook.

Mizuho Raises Firm’s PT on Broadcom (AVGO) Stock

Notably, the firm is expecting upside for this group in 2026, considering the attractive valuations, but more modest compared to 2025.

In a different update, on January 6, Broadcom Inc. (NASDAQ:AVGO) announced the launch of next-generation BCM4918 accelerated processing unit (APU) as well as 2 new dual-band Wi-Fi 8 devices, the BCM6714 and BCM6719, marking another milestone in the company’s long legacy of Wi-Fi innovation.

With the combination of higher throughput and smart intelligence, Broadcom Inc. (NASDAQ:AVGO)’s unified Wi-Fi 8 platform tends to enable operators to deliver new real-time agentic applications for residential consumers with built-in security as well as improved power efficiency.

Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies various semiconductor devices and infrastructure software solutions.

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.