Bocom Initiates Broadcom (AVGO) Coverage With Buy Rating and $425 Target

Core Insights - Broadcom Inc. (NASDAQ:AVGO) is recognized as one of the 15 Best Long Term Stocks to Buy according to Reddit [1] - Bocom has initiated coverage on Broadcom with a Buy rating and a price target of $425 [2] - Broadcom has secured interest from major hyperscalers for its custom silicon offerings, including a partnership with OpenAI to roll out 10 gigawatts of custom AI accelerators [2] - Meta Platforms is also collaborating with Broadcom on custom chip projects [3] - In Q3 2025, Broadcom reported revenue of $15.95 billion, a 22% increase year-over-year, with operating cash flow of $7.166 billion and free cash flow of $7.024 billion, representing 44% of revenue [3] - Broadcom develops a wide range of semiconductor products and infrastructure software solutions [4]