On June 3, 2025, Citigroup analyst Christopher Danely reaffirmed a "Buy" rating for Broadcom (AVGO, Financial). Alongside the maintained rating, the price target was significantly increased. Citigroup has raised the adjusted price target to USD 276.00 from the previous USD 210.00, representing a 31.43% increase.
This decision reflects continued confidence in Broadcom's (AVGO, Financial) market position and growth prospects. The updated price target suggests a bullish outlook for the stock, maintaining its "Buy" recommendation.
Investors in Broadcom (AVGO, Financial) may view this price target adjustment as a positive signal, aligning with Citigroup's optimistic perspective on the company's future performance in the semiconductor sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 36 analysts, the average target price for Broadcom Inc (AVGO, Financial) is $243.29 with a high estimate of $301.15 and a low estimate of $171.60. The average target implies an downside of 3.26% from the current price of $251.48. More detailed estimate data can be found on the Broadcom Inc (AVGO) Forecast page.
Based on the consensus recommendation from 42 brokerage firms, Broadcom Inc's (AVGO, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Broadcom Inc (AVGO, Financial) in one year is $150.22, suggesting a downside of 40.27% from the current price of $251.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Broadcom Inc (AVGO) Summary page.
