TD Cowen Broadcom · AVGO

TD Cowen Raises Broadcom Price Target to $290

Analyst: Joshua Buchalter 1 min read Reproduced verbatim
Rating
Buy
Target
$290
from $200 (+45%)
Outcome
Reached
on July 25, 2025
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What the analyst said

TD Cowen analyst Joshua Buchalter raised the price target on Broadcom Limited (NASDAQ: AVGO) to $290 (from $200) while maintaining a Buy rating.

“A slight beat/raise. F2Q AI sales were in-line, but guided above our model in F3Q.

Investors may be disappointed at limited incremental comments on XPU engagements and the previously disclosed SAM, but ~60% AI growth outlook in F2026 is a strong signal of confidence in Broadcom’s AI networking and XPU franchises.

With the stock outperforming YTD, we anticipate a muted response. Buy, PT to $290. Our F2025 estimates are slightly higher, with F2026 coming up due to expected momentum in AI revenues.

We reiterate our Buy rating and raise our PT to $290, which is based on ~35x our F2026E EPS.”

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 $327. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $290 target is 44% below the median, the lowest on the Street.

Since the note AVGO has moved +26% (from $260). The 12-month window closed on June 6, 2026.

Track record

This call✓ Target reached on July 25, 2025, 2 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, 2025 This noteTarget raised from $200 (+45%)Buy$290
  7. April 9, 2025Target cut from $265 (−25%)Buy$200
  8. March 7, 2025Earliest 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.