Citi Broadcom · AVGO

Citi Raises Broadcom Price Target to $276

Analyst: Christopher Danely 1 min read Reproduced verbatim
Rating
Buy
Target
$276
from $210 (+31%)
Outcome
Reached
on July 9, 2025
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What the analyst said

Citi analyst Christopher Danely raised the price target on Broadcom Limited (NASDAQ: AVGO) to $276 (from $210) while maintaining a Buy rating.

“Broadcom will release F2Q25 results on June 5 after market close. We expect AVGO to report results above consensus, driven by continued AI strength (30% of F25E sales).

With its non-AI semi business (27% of F25E sales) down roughly 40% from the peak, we believe the business should recover from the current levels and offset most of the gross margin dilution from its AI business.

We raise our estimates, reiterate our Buy rating on AVGO and raise our price target from $210 to $276.”

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 $276 target is 46% below the median, the lowest on the Street.

Since the note AVGO has moved +44% (from $242). The 12-month window closed on June 2, 2026.

Track record

This call✓ Target reached on July 9, 2025, 37 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 →

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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, 2025 This noteTarget 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, 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.