Susquehanna Reiterates Broadcom (AVGO) Buy Rating, $400 Target on AI Solutions Growth

Broadcom Inc. (NASDAQ:AVGO) is one of the best ESG stocks to buy now according to hedge funds. On September 11, Susquehanna analyst Christopher Rolland reiterated a Buy rating on Broadcom (NASDAQ:AVGO) with a $400 price target.

Rolland pointed to Broadcom’s move into rack-level AI solutions, which he believes could open new revenue streams and meaningfully boost profitability. This step also places the company in more direct competition with NVIDIA and AMD, thereby raising confidence in its ability to capture a larger share of the AI spending market.

He further highlighted that the CEO’s new performance-based award is tied to aggressive AI growth targets, with a compound annual growth rate (CAGR) of over 20%-30 %, underscoring management’s focus on execution. Although the loss of the Wi-Fi/BT chip business in Apple’s new iPhone lineup may weigh on near-term sales, Rolland emphasized that the company’s AI roadmap is the more powerful long-term driver, justifying his bullish stance.

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions.

While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT:  Best Stocks For Day Trading: 12 Stock Picks and 15 Best Multibagger Stocks to Invest in Right Now.

Disclosure: None. This article is originally published at Insider Monkey.