12 AI Stocks on Wall Street’s Radar Today

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 161

Broadcom Inc. (NASDAQ:AVGO) is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets. One of the most notable calls on Tuesday, March 11, was for Broadcom. Bernstein reiterated the stock, along with Nvidia, as “Outperform”, stating that investors should take advantage of any dips in both stocks.

“NVDA and AVGO have been brutalized, but are looking attractive for those who can wait out the noise…”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $251 implies a 32% upside, however, the Street-high target of $300 implies an upside of 57.8%.