By Vardah Gill
Publication Date: 2026-05-12 21:09:00
With a 5-year average dividend growth rate of 12.60%, Broadcom Inc. (NASDAQ:AVGO) is included among the 14 Best Dividend Stocks to Buy for Steady Growth.
On May 12, Citi analyst Atif Malik raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $500 from $475 and maintained a Buy rating on the shares as part of an earnings preview. Citi said stronger AI demand could help Broadcom deliver April quarter results slightly above expectations. The firm also pointed to improved earnings visibility as a reason for the higher target.
“We model Apr-Q and Jul-Q sales/EPS modestly above consensus, driven by stronger AI demand,” Malik wrote in a note to clients. He also said Broadcom’s deal with Anthropic (ANTHRO) could provide additional benefits, as the shift from rack shipments to chips may support gross margins.
Malik added that Broadcom is also in discussions with three other…
