Oppenheimer Analyst Maintains An Outperform Rating On Broadcom Inc. (AVGO)

Core Insights - Broadcom Inc. (NASDAQ:AVGO) is recognized as one of the top nanotechnology stocks to invest in currently [1] - Oppenheimer analyst Rick Schafer has raised the price target for Broadcom from $400 to $435, maintaining an Outperform rating ahead of the company's fourth-quarter reports [2] - The company is expected to see positive outcomes and guidance, particularly from its networking and AI compute divisions [2] Financial Projections - Oppenheimer anticipates an increase in quantities of the next-generation Tomahawk 6 chip in the second half of 2026, which is expected to enhance growth and improve gross margins [3] - Broadcom aims for a market potential of $60 billion to $90 billion by 2027 in networking chips and data-center processors, particularly for clients like Google and OpenAI [3] Strategic Partnerships - Microsoft is reportedly in discussions with Broadcom to co-design specialized chips to address the rising demand for AI [4]