Citi Raises Broadcom Price Target to $500: AI Demand Sets Up Another Big April Quarter

Citi Raises Broadcom Price Target to $500: AI Demand Sets Up Another Big April Quarter

The post Citi Raises Broadcom Price Target to $500: AI Demand Sets Up Another Big April Quarter appeared first on 24/7 Wall St.. 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 cap…

Citi resets Broadcom stock price target for the rest of 2026

One of Wall Street's most closely watched semiconductor analysts just moved his price target ahead of an earnings report that could define how the AI chip trade is valued for the rest of the summer. The note he published does…

Why analysts are bullish on Broadcom stock despite a 4% fall today?

Shares of Broadcom fell sharply on Tuesday as investors took profits following a massive rally tied to artificial intelligence infrastructure demand, even as analysts continued raising price targets ahead of the company’s upcoming quarterly earnings report.Broadcom (AVGO) shares dropped as much as 4.67% during the session to $408.41 before recovering to around $414.04.Despite this, Citigroup analysts raised their price target on Broadcom to $500…