I’ve made an additional investment in Broadcom Inc. (NASDAQ:AVGO) following strong analyst endorsements. On January 5, Goldman Sachs added AVGO to their US Conviction List and maintained a Buy rating with a $450 price target, citing Broadcom’s “dominant” position in enterprise networking silicon and expected market share gains in customer silicon processors for major U.S. hyperscalers. This follows Truist’s December 19 upgrade, raising its price target from $500 to $510 while keeping a Buy rating. These positive outlooks reinforce confidence in Broadcom’s growth trajectory and long-term value.
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