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BTCC / BTCC Square / Global Cryptocurrency /
Citi Bullish on Broadcom Ahead of Q2 Earnings, AI Demand Drives $500 Price Target

Citi Bullish on Broadcom Ahead of Q2 Earnings, AI Demand Drives $500 Price Target

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-05-13 09:12:02
0
BTCCSquare news:

Broadcom (AVGO) shares present a buying opportunity ahead of its June 3 earnings report, with Citi raising its price target to $500—a 20% upside from current levels. The semiconductor giant's AI revenue is projected to surge from 49% to 81% of total sales by fiscal 2028, fueled by demand from Google and Anthropic.

Analysts dismiss concerns about Broadcom's enterprise software segment as 'overblown,' citing deep integration with large corporations. Cantor Fitzgerald's $525 target underscores broader Wall Street optimism, even as the stock dips 3% pre-earnings.

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