Citi Raises Broadcom Price Target to $500: AI Demand Sets Up Another Big April Quarter

Citi raised its price target on Broadcom to $500 from $475 while maintaining a Buy rating, signaling increased confidence in the stock's outlook. The update is supportive for Broadcom's valuation but is analyst commentary rather than a fundamental earnings or guidance change, so the likely market impact is limited.

Analysis

Citi raised its price target on Broadcom to $500 from $475 while maintaining a Buy rating, signaling increased confidence in the stock's outlook. The update is supportive for Broadcom's valuation but is analyst commentary rather than a fundamental earnings or guidance change, so the likely market impact is limited.