Citi Bullish on Broadcom (AVGO) as Accelerating AI Sales Drive $480 PT

Broadcom Inc. (NASDAQ:AVGO) is one of the best future stocks to buy for the long term. On January 15, Citi kept a Buy rating on Broadcom with a $480 price target. Following a transfer of coverage, the firm established this new price target and issued a Buy rating, primarily driven by the company’s accelerating AI sales. The firm’s shift reflects increased confidence in the company’s ability to capitalize on AI demand. On the same day, Wells Fargo upgraded Broadcom to Overweight from Equal Weight, while r ...