Broadcom’s stock (AVGO) rebounded with a 5.4% rise in Friday’s trading, following a broader market recovery after significant sell-offs. Despite the uptick, the stock remains down approximately 22% for 2025, valued at around 27 times this year’s expected earnings. Citigroup analyst Christopher Danely lowered his one-year price target for Broadcom from $220 to $210, citing recession concerns and potential tariff impacts, but maintained a buy rating, suggesting a possible 15% upside from current levels.
