On June 9, 2025, Citigroup analyst Christopher Danely updated his coverage on the stock of Broadcom (AVGO, Financial). Maintaining a "Buy" rating, Danely has raised the price target for AVGO from $276.00 to $285.00. This represents a 3.26% increase from the previous price target. The price target adjustment reflects a positive outlook on the company's future performance.
The update by Citigroup signifies ongoing confidence in Broadcom's market position and potential for growth. The "Buy" rating remains unchanged, indicating that Citigroup continues to view AVGO as a favorable investment opportunity within its sector.
Investors and market watchers might keep an eye on Broadcom (AVGO, Financial) following this updated guidance from Citigroup, as it may influence market sentiment and trading activity.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 35 analysts, the average target price for Broadcom Inc (AVGO, Financial) is $267.41 with a high estimate of $340.00 and a low estimate of $171.60. The average target implies an upside of 9.20% from the current price of $244.88. 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 $171.30, suggesting a downside of 30.05% from the current price of $244.88. 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.
