Wells Fargo Upgrades Broadcom Inc. (AVGO) to Overweight From Equal Weight

Group 1 - Broadcom Inc. (NASDAQ:AVGO) is considered one of the best stocks to buy in 2026 for beginners, with Wells Fargo upgrading the stock to Overweight and setting a price target of $430 [1] - KeyBanc reiterated a Buy rating on Broadcom, setting a price target of $500, while Mizuho raised its price target from $450 to $480, maintaining an Outperform rating [2] - Goldman Sachs added Broadcom to their US Conviction List, maintaining a Buy rating with a price target of $450, citing the company's dominant position in enterprise networking silicon [4] Group 2 - Mizuho sees continued upside for the semiconductor group in 2026, primarily due to attractive valuations, but expects more modest growth compared to 2025 [3] - Mizuho identifies AI accelerators, wafer fab equipment, Optical, and memory as the top sectors for 2026, while maintaining a cautious outlook on EVs, autos, and analog sectors [3] - Broadcom is recognized as a leading multinational technology company specializing in semiconductor and infrastructure software products [5]