The tech sector has once again been front and center in the US stock market so far in 2025. Although the market itself has been increasingly volatile, optimism abounds for some of the most promising companies in the industry. Among them is Broadcom (AVGO), for which Citi has lifted its price target, with the stock in the midst of a 30% surge.

The bank revised its target and outlook upward while sticking firm to its buy rating. Indeed, the development marks yet another positive projection for a top tech stock that could be set to edge even higher if Wall Street is able to find its footing in the coming months.

Also Read: Broadcom (AVGO): Why The Stock May Continue Its 300% Rise

Broadcom Gets Boosted Price Target From Citi as Stock Keeps Gaining

There has been no shortage of high expectations for Broadcom over the last several months. Many experts have begun to theorize that the stock may be on a $2 trillion trajectory. However, it has struggled amid an increasingly volatile market that is held back by ongoing macroeconomic struggles and geopolitical tensions.

That hasn’t stopped one bank from increasing its future outlook for the tech firm. Indeed, when it comes to Broadcom (AVGO), Citi has increased its price target as the stock has continued to ride a 30% surge. All the while, the bank has held firm to its buy rating for the shares.

Also Read: Broadcom (AVGO) Is Billionaires’ Favorite Stock in 2025: But Why?

Citi upwardly revised the target to $276 from its previous $210. Moreover, it was made on the heels of the AVGOs Q2 fiscal year 2025 data set arriving this week. Specifically, the bank projects the tech firm to surpass estimates regarding its optimistic AI developments.

The bank wasn’t alone, as Morgan Stanley also offered a bullish perspective on the stocks’ near-term future. They project similarly strong Q2 growth rates in its custom silicon business as well as its semiconductor software development sectors.

The stock is up almost 30% over the last 30 days, trading at the $260 level. Moreover, it has a median price target of $252, with bullish projections sitting above the $300 level. That shows the stock has 15% upside if things go as well as experts predict this week.