Citi analyst Atif Malik lowered the firm’s price target on Broadcom (AVGO) to $458 from $480 and keeps a Buy rating on the shares head of the earnings report on March 4. The firm believes concerns around gross margin, tensor processing unit competition, and software sales exposure risk are now mostly priced into Broadcom shares. Citi sees the stock outperforming in the second half of 2026 on better demand visibility.
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