Citi Broadcom · AVGO

Citi Reiterates Buy on Broadcom, $220 Price Target

Analyst: Christopher Danely 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$220
Outcome
Reached
on January 27, 2025
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What the analyst said

Citi analyst Christopher Danely reiterated a Buy rating and $220 price target on Broadcom Limited (NASDAQ: AVGO).

“Various media outlets have reported that the Biden Administration could ban more AI chip shipments to China (Bloomberg, 08-Jan-2025).

We believe Bytedance is the third largest ASIC customer of AVGO, with potentially $2-$3 billion sales in F25, or 3%-5% of F25 sales.

We have long given up trying to predict government policy but believe that even if AVGO cannot ship to Bytedance, the upside from the rest of AI will dwarf any risk.

We reiterate our Buy rating on AVGO as we expect strength in the AI business through year.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AVGO trades at $347. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $220 target is 57% below the median, the lowest on the Street.

Since the note AVGO has moved +55% (from $224). The 12-month window closed on January 13, 2026.

Track record

This call✓ Target reached on January 27, 2025, 14 days after the note.

Firm track recordCiti: 90% of its 30 targets at least a year old were reached within 12 months (#5 of 18 firms); on Broadcom, 6 of 6. Accuracy ranking →

Citi on Broadcom

Citi price targets on Broadcom

8 calls from January 13, 2025 to December 12, 2025. The target went from $220 to $480 (+118%). The rating stayed Buy.

Citi targetAVGO share price
  1. December 12, 2025Target raised from $415 (+16%)Buy$480
  2. October 14, 2025Target raised from $350 (+19%)Buy$415
  3. September 5, 2025Target raised from $285 (+23%)Buy$350
  4. June 6, 2025Target raised from $276 (+3%)Buy$285
  5. June 2, 2025Target raised from $210 (+31%)Buy$276
  6. April 11, 2025Target cut from $220 (−5%)Buy$210
  7. March 7, 2025Kept the $220 targetBuy$220
  8. January 13, 2025 This noteEarliest call shownBuy$220
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Other analysts on Broadcom

StoneXBuy Kept rating and price target Oct 27 $545maintained UBSBuy Kept rating and price target Oct 27 $470maintained RosenblattBuy Kept rating and price target Oct 27 $600maintained DA DavidsonBuy Upgraded, raised price target +14% Oct 27 $400from $350 KeyBancBuy Kept rating and price target Oct 27 $575maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.