UBS Maintains Buy Rating on Broadcom (AVGO) Stock

UBS Maintains Buy Rating on Broadcom (AVGO) Stock Bob Karr Thu, June 25, 2026 at 10:18 AM GMT+2 1 min read AVGO GOOGL Broadcom Inc.  (NASDAQ: AVGO ) is one of the Most Promising AI Stocks to Buy and Hold for the Next 2 Years.  On June 11, Timothy Arcuri of UBS was bullish on the company's stock and maintained a "Buy" rating with a price objective of $485.

That being said, the firm's analyst opines that supply constraints might result in uncertainty around Google's future roadmap. However, the analyst remains optimistic about Broadcom Inc.  (NASDAQ:AVGO)'s long-term AI opportunity.

The demand from OpenAI and Anthropic is robust, with both companies building out AI infrastructure, added Arcuri. UBS Maintains Buy Rating on Broadcom (AVGO) Stock In a different update, Wolfe Research also remains optimistic. As per the firm, Apollo and Blackstone partnership is expected to aid future demand from OpenAI and Anthropic.

That being said, the firm noted that some investors were disappointed after Broadcom Inc. (NASDAQ:AVGO) didn't increase the outlook after the latest earnings report. Broadcom Inc.

(NASDAQ:AVGO) is engaged in designing, developing, and supplying 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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