Robert W. Baird Maintains Buy Rating on Broadcom Inc. (AVGO) Stock

Broadcom Inc. (NASDAQ:AVGO) is among the 10 Unstoppable Stocks to Buy and Hold for the Next 3 Years.

Broadcom Inc. (NASDAQ:AVGO) is one of the Unstoppable Stocks to Buy and Hold for the Next 3 Years. On February 20, analyst William Power from Robert W. Baird maintained a “Buy” rating on the company’s stock with the price objective of $420.00. This rating is backed by a combination of factors, which are associated with Broadcom Inc. (NASDAQ:AVGO)’s AI momentum and earnings potential.

The analyst noted accelerated demand for the company’s v7 custom ASICs powering Google’s TPU infrastructure. This is preferred for AI workloads by well-established customers like OpenAI, Apple, Meta, and Anthropic, and continues to fuel a sharp increase in anticipated AI-related revenue.

As per the analyst, the potential for EPS to exceed $30 by 2030 is backed by the expected AI revenue of ~$65 billion this year, together with a 5-year compound growth outlook of ~45%.

In a different release, on February 19, Broadcom Inc. (NASDAQ:AVGO) launched BroadPeak. This is a radio digital front-end SoC chip, which has been designed to supercharge 5G massive MIMO systems and remote radio heads.

​Broadcom Inc. (NASDAQ:AVGO) is a semiconductor and infrastructure software company. It designs and supplies products, including custom chips, networking solutions, and enterprise software used across industries such as cloud computing, telecommunications, and data centers.

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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