Citi Maintains “Buy” Rating on Broadcom (AVGO) with $415 PT

Broadcom Inc. (NASDAQ:AVGO) is one of the 11 best AI infrastructure stocks to buy right now.

Citi Maintains “Buy” Rating on Broadcom (AVGO) with $415 PT

On November 10, 2025, Citi analyst Christopher Danely reiterated his “Buy” rating on Broadcom Inc. (NASDAQ:AVGO) with a $415 price target.

Earlier, on November 4, Jefferies raised its price target on Broadcom Inc. (NASDAQ:AVGO) from $415 to $480. Citing the company’s artificial intelligence Application-Specific Integrated Circuits (ASIC) business, which the firm believes is reaching a critical inflection point, Jefferies named the stock as its top pick.

Jefferies highlighted the company’s ASIC, the specialized chips for AI workloads, which are expected to benefit from accelerating demand from hyperscale customers. Furthermore, the firm noted that substantial volume growth is expected in 2026 as cloud providers expand AI infrastructure capacity. The firm also discussed Broadcom Inc. (NASDAQ:AVGO)’s primary customer, which has scaled token processing capacity from 480 trillion in April 2025 to 1,300 trillion in October. The chip volumes are expected to double from 1.5 million units in 2025 to 3 million in 2026.

Previously, on October 13, 2025, Broadcom announced a collaboration with OpenAI. With this partnership, the company, alongside OpenAI, aims to develop 10 gigawatts of custom AI accelerators while leveraging OpenAI’s model insights. Amid rising global AI demand, the company will deploy racks with its networking solutions across OpenAI and its partner data centers.

Broadcom Inc. (NASDAQ:AVGO) is focused on designing and supplying semiconductor devices and infrastructure software solutions worldwide.

While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

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