Is Broadcom (AVGO) One of the Best NASDAQ Stocks to Buy and Hold for 3 Years?

June 9, 2026 - 22:58

Broadcom Inc. (AVGO) is gaining attention as a top contender for investors looking at the NASDAQ for a three-year hold. The semiconductor and infrastructure software giant recently received a price target upgrade from Benchmark, signaling continued confidence in the company's trajectory. On June 4, the firm raised its price target on Broadcom shares to $545 from $485, while keeping a Buy rating on the stock.

The analyst behind the move noted that recent share weakness created a buying opportunity. Broadcom has been a key player in the custom chip space, particularly with its AI-related networking and accelerators. The company's diversified revenue streams, which include enterprise software and data center components, provide a buffer against cyclical downturns in the broader chip market.

For long-term investors, the three-year outlook appears solid. Broadcom's acquisition strategy has been disciplined, and its integration of VMware is expected to unlock recurring revenue. While the stock is not immune to market volatility, its strong free cash flow and dividend growth make it a candidate for patient portfolios. The current price target suggests roughly a 12% upside from recent levels, but analysts see more room to run as AI demand accelerates. For those seeking stability on the NASDAQ, Broadcom remains a name to watch.