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

Group 1 - Broadcom Inc. (NASDAQ:AVGO) is recognized as one of the best fundamental stocks to buy according to analysts, with Mizuho analyst Vijay Rakesh raising the price target from $450 to $480 while maintaining an "Outperform" rating [1] - Mizuho expects upside for the semiconductor and semiconductor capital equipment group in 2026, although the growth is anticipated to be more modest compared to 2025 due to attractive valuations [2] - On January 6, Broadcom announced the launch of the next-generation BCM4918 accelerated processing unit (APU) and two new dual-band Wi-Fi 8 devices, BCM6714 and BCM6719, highlighting the company's ongoing innovation in Wi-Fi technology [2] Group 2 - Broadcom's unified Wi-Fi 8 platform combines higher throughput with smart intelligence, enabling operators to deliver new real-time applications for residential consumers, featuring built-in security and improved power efficiency [3] - The company designs, develops, and supplies a variety of semiconductor devices and infrastructure software solutions, reinforcing its position in the technology sector [3]