Citi Broadcom · AVGO

Citi Keeps Buy on Broadcom, $220 Price Target

Analyst: Christopher Danely 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$220
Downside
−36%
AVGO at $346 today
Citi and Broadcom logos

What the analyst said

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

“Broadcom reported solid results and guided above Consensus driven by continued AI strength (27% of F25 sales) with two new AI engagements.

Gross margins were above Consensus due to mix and we continue to believe strength from the AI semi business will offset any downside from sanctions on Bytedance and RF share loss at Apple.

We reiterate our Buy rating on AVGO given upside from AI and $220 price target. AI strength should offset risks from Bytedance and Wi-Fi share loss.

AVGO announced two new AI engagements and highlighted those shipments for two other AI engagements, which we believe are Apple and OpenAI, are on track for tape outs by the end of this year.

We continue to see upside to AVGO’s AI business through the year, and expect the strength offset any downside risks from Bytedance sanctions (roughly 2% of F25 sales) or loss of wireless share at Apple (roughly 2% of F25 sales).”

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Where the price stands

AVGO trades at $346. 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 +93% (from $179). The 12-month window closed on March 7, 2026.

Track record

Firm track recordCiti: 88% of its 24 targets at least a year old were reached within 12 months (#4 of 14 firms). 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, 2025 This noteKept the $220 targetBuy$220
  8. January 13, 2025Earliest 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.