Jim Cramer and Analysts Like These 10 Stocks

4.  Broadcom Inc. (NASDAQ:AVGO)

Average Price Target Upside: 38.47%

Number of Hedge Fund Holders: 161

Both Cramer and analysts are bullish on Broadcom Inc. (NASDAQ:AVGO) and in January, Cramer discussed the company’s success and said:

“Number seven was generally obvious in true Nasdaq style. I’m talking about Broadcom, symbol AVGO, up 108%. Now we had CEO Hock Tan on the show when we were in San Francisco not that long ago, and he laid out a vision where his company would be making a killing from the data center.

It’s very rare that you have a totally bankable exec come on your show telling you exactly what will happen and then that executive delivers 100%. He’s greeted with disbelief, a giant upside surprise, and a gigantic move higher. He said it all. Plus, I think Broadcom’s in inning one of this turn. It’s not too late to get on board. This one, we have a nice slug for the Charitable Trust.”

Broadcom (NASDAQ:AVGO) is a company focused on designing, developing, and providing semiconductor devices, with a strong track record in semiconductor design. On March 7, BofA raised its price target for AVGO stock to $260 from $250 while maintaining a Buy rating on the stock after a “reassuring” quarter and outlook.

The company exceeded Q4/Q1 consensus AI expectations by around 10% each, reaffirmed a $60 billion-$90 billion addressable market opportunity for 2027 across three current AI customers, and highlighted expanding customer engagement with a total of seven existing and new partnerships. Additionally, Broadcom expressed no immediate concerns about tariffs or restrictions in dealings with non-U.S. customers. The analyst also mentioned that Broadcom (NASDAQ:AVGO) dismissed recent media reports about potential mergers and acquisitions, reaffirming the stock as a “top pick.”