TD Cowen Broadcom · AVGO

TD Cowen Reaffirms Buy on Broadcom, $265 Price Target

Analyst: Joshua Buchalter 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$265
Outcome
Reached
on June 26, 2025
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What the analyst said

TD Cowen analyst Joshua Buchalter reiterated a Buy rating and $265 price target on Broadcom Limited (NASDAQ: AVGO).

“AI Upside Plus Two More ASIC Customers; A beat/raise where it matters most (AI revenue) was likely to be viewed favorably by investors; the addition of two more custom accelerator programs already was an even bigger surprise.

These customers aren’t all going to be the size of TPU, but we don’t believe Broadcom would take on programs that are unlikely to scale. Near-term AI infrastructure demand is still very healthy.

Buy, $265 PT.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AVGO trades at $326. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $265 target is 49% below the median, the lowest on the Street.

Since the note AVGO has moved +82% (from $179). The 12-month window closed on March 7, 2026.

Track record

This call✓ Target reached on June 26, 2025, 4 months after the note.

Firm track recordTD Cowen: 87% of its 31 targets at least a year old were reached within 12 months (#9 of 21 firms); on Broadcom, 5 of 5. Accuracy ranking →

TD Cowen on Broadcom

TD Cowen price targets on Broadcom

8 calls from March 7, 2025 to December 12, 2025. The target went from $265 to $450 (+70%). The rating stayed Buy.

TD Cowen targetAVGO share price
  1. December 12, 2025Target raised from $405 (+11%)Buy$450
  2. November 12, 2025Target raised from $370 (+9%)Buy$405
  3. September 30, 2025Rating only, no price targetBuyNo target
  4. September 5, 2025Target raised from $355 (+4%)Buy$370
  5. August 19, 2025Target raised from $290 (+22%)Buy$355
  6. June 6, 2025Target raised from $200 (+45%)Buy$290
  7. April 9, 2025Target cut from $265 (−25%)Buy$200
  8. March 7, 2025 This noteEarliest call shownBuy$265
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Other analysts on Broadcom

StoneXBuy Kept rating and price target Oct 27 $545maintained UBSBuy Kept rating and price target Oct 27 $470maintained RosenblattBuy Kept rating and price target Oct 27 $600maintained DA DavidsonBuy Upgraded, raised price target +14% Oct 27 $400from $350 KeyBancBuy Kept rating and price target Oct 27 $575maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.