Wall Street sets Broadcom (AVGO) stock price for the next 12 months
Broadcom stock price one-month chart. Specifically, Citi (NYSE: C) analyst Atif Malik reiterated his previous ‘Buy’ rating but increased the 12-month forecast from $475 to $500, effectively increasing the predicted rally from 12.83% to 18.76% relative to Tuesday mornings valuation. According to the Wall Street expert, the bullish update is backed by the continuously strong artificial intelligence (AI)-driven demand. Notably, other major technology companies, including Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Intel (NASDAQ: INTC), received optimistic updates backed by similar factors and provided by a variety of analysts on May 12. Elsewhere, the increased Broadcom stock price target reflects AVGO shares recent stock market rally. Indeed, after struggling in early 2026, the equity entered a rally in late March that took it, by press time, 46% higher. Maliks previous $475 forecast – itself representing an increase from the preceding $458 – was provided in mid-March when the technology giant was changing hands at approximately $325. Notably, despite Broadcom stocks April and early May momentum, the latest forecast indicates that Citi believes AVGO is closer to a ceiling than two months ago. Indeed, had AVGO managed a 12-month rise from $325 to $475, it would have constituted a 46.15% rally while the latest price