Citi analysts are projecting a swing upwards for Broadcom (AVGO) inventory, forward of the corporate’s Q2 earnings report. The semiconductor firm will report earnings on June 3, 2026, with Wall Avenue forecasting excellent news. Citi lately raised its value goal to $500, highlighting expectations of serious income development within the upcoming quarters.
Particularly, Metropolis stated it fashions Broadcom’s April-quarter and July-quarter gross sales and earnings per share modestly above consensus, pushed by stronger synthetic intelligence demand. estimates AI income will develop from roughly 49% of whole gross sales presently to roughly 81% by fiscal fourth-quarter 2028, with mixed Google and Anthropic AI gross sales projected to succeed in round $80 billion and whole AI gross sales hitting $115 billion in 2027, rising to $180 billion in 2028.
Citi’s $500 goal displays a close to 20% achieve from Broadcom’s (AVGO) present value of $414. Whereas the inventory is down simply over 3% on Tuesday, this opens the door for a possible strong purchase alternative. Moreover, Citi pushed again on issues about Broadcom’s enterprise software program enterprise, calling fears “overblown” and describing the phase as “very sticky” given deep integration throughout massive enterprises.
Moreover, Citi isn’t the one agency bullish on Broadcom (AVGO) inventory forward of earnings. Cantor Fitzgerald’s value goal of $525 is the best amongst analysts, suggesting a big upside from the present value of $428.43. Different analysts like Rosenblatt and Benchmark additionally foresee development, with targets of $500 and $485, respectively.
For the final reported quarter, Broadcom Inc. got here out with earnings of $2.05 per share versus the Wall Avenue estimates of $2.03 per share, representing an increase of 0.99%. For the earlier quarter, the corporate was anticipated to publish earnings of $1.87 per share, and it really produced earnings of $1.95 per share, delivering a shock of 4.28%. Broadcom shares now commerce for 38 instances 2026 estimates and 24 instances 2027 estimates. These aren’t low cost valuations, and Broadcom might want to outperform expectations with a purpose to actually drive robust returns. Nevertheless, its not unimaginable, and AVGO could possibly be a strong alternative to take a position forward of June’s earnings.
