Why Broadcom Inc. (AVGO) is One of the Best Long Term Growth Stocks to Buy According to Hedge Funds

Broadcom Inc. (NASDAQ:AVGO) is one of the best long term growth stocks to buy according to hedge funds. On January 9, Mizuho Securities lifted the price target on Broadcom Inc. (NASDAQ:AVGO) to $480 from $450 and reaffirmed an Outperform rating on the shares. The firm detailed that it adjusted price targets in the semiconductor and semiconductor capital equipment group to reflect its 2026 outlook, adding that it sees continued upside for the group in 2026 because of “attractive valuations” that are, however, more modest than 2025.

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

The firm’s top sectors for 2026 include AI accelerators and wafer fab equipment, Optical, and memory. However, Mizuho is remaining cautious on autos and analogs, electric vehicles, and computers and handsets. Broadcom Inc. (NASDAQ:AVGO) is among the firm’s top picks for 2026.

In another development, Goldman Sachs analysts added Broadcom Inc. (NASDAQ:AVGO) to their US Conviction List on January 5 and maintained a Buy rating on the stock with a $450 price target. The addition came as part of the firm’s monthly update, with the firm stating that Broadcom Inc.’s (NASDAQ:AVGO) “dominant” position in the enterprise networking silicon is expected to drive market share gains in customer silicon processors for the major hyperscalers in the US.

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.