Wall Street Projects 38% Upside To Broadcom Inc. (AVGO)

Core Insights - Broadcom Inc. (NASDAQ:AVGO) is recognized as one of the 12 most profitable NASDAQ stocks to buy currently, with a Buy rating reiterated by Bank of America Securities analyst Vivek Arya [1] - Wall Street analysts project a 38% upside for Broadcom, with a price target increase from $460 to $500 due to strong AI growth prospects [2] - RBC Capital Markets initiated coverage with a Sector Perform rating and a price target of $370, highlighting strong momentum for TPUs but uncertainty regarding opportunities from OpenAI and Anthropic [3] Analyst Ratings and Price Targets - The average price target from 30 analysts for Broadcom is $457.75, indicating a potential 38% upside as of January 30 [3] - The stock is currently trading at a 25% premium to Nvidia, which influenced the Sector Perform rating by RBC Capital Markets [3] Company Overview - Broadcom Inc. is a leading developer, manufacturer, and supplier of semiconductor and infrastructure software products [4]