Broadcom Inc. (NASDAQ:AVGO) is one of the 11 Best Large-Cap Tech Stocks to Invest In. 

On March 6, TheFly reported that Morgan Stanley analyst Joseph Moore lifted the price target on Broadcom Inc. (NASDAQ:AVGO) from $462 to $470, keeping an Overweight rating on the stock.

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Moore remains positive on Broadcom following its robust quarterly performance, achieving a record Q1 FY2026 revenue of $19.31 billion, up 29% from a year ago. The company also generated a record $13.1 billion in adjusted EBITDA. The analyst highlighted that the robust AI demand continues to drive upside for Broadcom, with networking outcomes surpassing expectations and previous margin concerns easing.

Moore also mentioned the company’s long-term visibility, citing its custom AI ASIC programs. The hyperscaler customers could drive significant growth for Broadcom through FY2026, added Moore.

The company returned over $10.9 billion to shareholders in Q1, including $3.1 billion in cash dividends and $7.8 billion in share buybacks. For Q2 FY2026, Broadcom expects revenue to be around $22 billion, a growth of almost 47% year-over-year, while the EBITDA is estimated to account for almost 68% of projected revenue.

Broadcom Inc. (NASDAQ:AVGO) is engaged in the design and development of different semiconductor devices and infrastructure software solutions worldwide. The company operates through two segments: Semiconductor Solutions and Infrastructure Software.

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