By David Moadel
Publication Date: 2026-05-12 15:18:00
Quick Read
Broadcom (AVGO) received a $25 price target raise from Citi to $500, maintaining a Buy rating on stronger-than-expected April quarter AI semiconductor revenue guidance.
Broadcom’s premium 39x forward multiple and custom silicon concentration mean the AI tailwind upside depends on sustained hyperscaler capex and execution risk in a cyclical sector.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Broadcom wasn’t one of them. Get them here FREE.
Broadcom stock picked up a fresh price target raise from Citi on Tuesday, with analyst Atif Malik lifting his target to $500 from $475 while maintaining a Buy rating. Broadcom (NASDAQ:AVGO) was framed in Citi’s note as an earnings preview call, with the firm pointing to stronger AI demand driving the April quarter modestly above estimates and increased earnings visibility as the justification.
For long-term investors, a calibrated $25 price target hike on Broadcom just ahead of an…
