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Citi Raises Broadcom Price Target Amid Tech Sector Surge

Citi Raises Broadcom Price Target Amid Tech Sector Surge

Author:
Global Cryptocurrency
Published:
2025-06-04 20:37:01
7
3

Broadcom (AVGO) shares have climbed 30% in 2025 as Citi boosts its price target to $276, maintaining a buy rating. The semiconductor giant's rally comes despite broader market volatility fueled by macroeconomic headwinds and geopolitical tensions.

Analysts suggest Broadcom could be on a $2 trillion trajectory, reflecting growing confidence in tech sector resilience. The upgrade follows similar bullish moves across Wall Street as institutional investors position for a potential market rebound.

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