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Citi Lowers PT on Broadcom Inc. (AVGO) Stock
Citi analyst Atif Malik reduced Broadcom Inc.'s (AVGO) price target from $480 to $458, maintaining a “Buy” rating, ahead of the company’s Q1 earnings report. The adjustment considers gross margin concerns, GPU competition, and software sales risks, though Citi anticipates outperformance in H2 2026 due to improved demand visibility. Separately, DA Davidson initiated coverage with a “Neutral” rating and a $335 price target, citing long-term customer behavior as a potential limitation despite AI opportunities.