One of Wall Street‘s most closely watched semiconductor analysts just moved his price target ahead of an earnings report that could define how the AI chip trade is valued for the rest of the summer.

The note he published does more than raise a number. It lays out a specific projection for one company’s AI revenue through 2028 that most investors are not yet working with.

Citi raises Broadcom target ahead of Q2 fiscal 2026 earnings

Citi analyst Atif Malik raised his price target on Broadcom to $500 from $475 on May 12, maintaining a buy rating as part of an earnings preview note, TipRanks reported. The raise came alongside Citi explicitly designating Broadcom as its top semiconductor pick for 2026, according to Source link