Broadcom Inc. (NASDAQ:AVGO) features prominently on the 10 Unstoppable Stocks to Buy and Hold for the Next 3 Years.
Broadcom Inc. (NASDAQ:AVGO) has been recognized as an Unstoppable Stock to Buy and Hold for the Next 3 Years. On February 20, Robert W. Baird analyst William Power reaffirmed a “Buy” rating on the company’s shares, setting a price target of $420.00. This positive outlook stems from various elements linked to Broadcom Inc. (NASDAQ:AVGO)’s advancements in AI and its promising earnings prospects.
The analyst observed heightened demand for the company’s v7 custom ASICs, which power Google’s TPU infrastructure. These are favored for AI workloads by prominent clients such as OpenAI, Apple, Meta, and Anthropic, consequently driving a significant surge in projected AI-related revenue.
According to the analyst, the company’s EPS could potentially surpass $30 by 2030, supported by an anticipated AI revenue of approximately $65 billion this year and a projected 5-year compound growth rate of around 45%.
Separately, on February 19, Broadcom Inc. (NASDAQ:AVGO) unveiled BroadPeak, a radio digital front-end SoC chip engineered to significantly enhance 5G massive MIMO systems and remote radio heads.
Broadcom Inc. (NASDAQ:AVGO) operates as a leading semiconductor and infrastructure software firm. It develops and provides a range of products, including specialized chips, networking solutions, and enterprise software, deployed across sectors like cloud computing, telecommunications, and data centers.
Although we recognize AVGO’s investment potential, we contend that some AI stocks present higher upside and lower downside risk. Should you be seeking a remarkably undervalued AI stock poised to gain considerably from Trump-era tariffs and the onshoring trend, consult our complimentary report on the best short-term AI stock.
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