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

Broadcom Inc. (NASDAQ:AVGO) is among the 13 Best Nanotechnology Stocks to Buy Now.

TheFly reported on December 5, 2025, that Oppenheimer analyst Rick Schafer had increased the firm’s price target for Broadcom Inc. (NASDAQ:AVGO) from $400 to $435, before the company’s fourth-quarter reports. He kept an Outperform rating on the stock. According to the note, the company anticipates positive outcomes and guidance, backed by Broadcom Inc. (NASDAQ:AVGO)’s networking and AI compute divisions.

Furthermore, according to Oppenheimer, next-generation Tomahawk 6 chip quantities are anticipated to go up in the second half of 2026. This will boost growth and improve gross margins.

The CEO of Broadcom Inc. (NASDAQ:AVGO), Hock Tan, stated last year that the business is aiming for a $60 billion to $90 billion market in 2027 across networking chips and data-center processors it develops for Google and OpenAI. The firm has previously highlighted AI as a major development area.

Separately, Microsoft is in talks with Broadcom Inc. (NASDAQ:AVGO) to co-design special chips to meet growing demand for AI, The Information reported on December 6.

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: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.

Disclosure. None