Analysts Remain Bullish on Broadcom (AVGO) While Cathie Adds Over 143,000 AVGO Shares

Broadcom Inc. (NASDAQ:AVGO) is one of the 15 Best S&P 500 Stocks to Look For in 2026.

On January 14, Cathie Wood loaded in on Broadcom Inc. (NASDAQ:AVGO) stock, adding over 143,000 AVGO shares across its ARKK and ARKW ETFs. The move came as AVGO shares dipped over 4% during the day’s trading session. Wood bought 143,089 AVGO shares worth $50.74 million.

Analysts also remain bullish on Broadcom, with 92% out the total 53 analysts covering AVGO rating the stock a Buy. Over the last year, as of January 15, AVGO shares have soared over 50%. With analysts’ median price target of $461, AVGO has an upside potential of over 32.50%.

On January 15, Jefferies retained its Buy rating on Broadcom Inc. (NASDAQ:AVGO), naming the stock as its Top Pick in the group. Blayne Curtis from Jefferies kept the price target on AVGO at $500, projecting the company’s EPS to surpass $19 per share for the CY2028, reported TheFly.

Broadcom Inc. (NASDAQ:AVGO) is a leading designer and developer of semiconductor devices and infrastructure software solutions. Broadcom operates through its Semiconductor Solutions and Infrastructure Software segments.

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