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

Broadcom Inc. (NASDAQ:AVGO) is one of the Best Fundamental Stocks to Buy According to Analysts. On January 9, Mizuho analyst Vijay Rakesh lifted the firm’s price objective on Broadcom Inc. (NASDAQ:AVGO)’s stock to $480 from $450, while keeping an “Outperform” rating, as reported by The Fly. The firm adjusted its targets in the broader semiconductors and semiconductor capital equipment group as part of the 2026 outlook.

Notably, the firm is expecting upside for this group in 2026, considering the attractive valuations, but more modest compared to 2025.

In a different update, on January 6, Broadcom Inc. (NASDAQ:AVGO) announced the launch of next-generation BCM4918 accelerated processing unit (APU) as well as 2 new dual-band Wi-Fi 8 devices, the BCM6714 and BCM6719, marking another milestone in the company’s long legacy of Wi-Fi innovation.

With the combination of higher throughput and smart intelligence, Broadcom Inc. (NASDAQ:AVGO)’s unified Wi-Fi 8 platform tends to enable operators to deliver new real-time agentic applications for residential consumers with built-in security as well as improved power efficiency.

Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies various semiconductor devices 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.

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