Core News Facts
The Nasdaq Composite entered market correction territory on March 26, closing over 10% below its record high, prompting analysts to highlight the potential of two key companies: Meta Platforms and Broadcom. Both firms are deemed undervalued with significant upside potential, as indicated by analyst target prices.
Meta Platforms (NASDAQ: META) has a median target price of $855.50 per share, suggesting a 50% upside from its current price of $572. The company is leveraging artificial intelligence to enhance engagement and advertising, with earnings forecasted to grow at 22% annually over three years.
Broadcom (NASDAQ: AVGO) shows a median target price of $472.50, implying a 52% upside from its current price of $310. With AI networking revenue increasing by 60%, and custom AI accelerators projected to gain market share from Nvidia, Broadcom’s earnings are expected to rise 41% annually over the next three years.
