TD Cowen Broadcom · AVGO

TD Cowen Raises Broadcom Price Target to $450

Analyst: Joshua Buchalter 1 min read Reproduced verbatim
Rating
Buy
Target
$450
from $405 (+11%)
Outcome
Reached
on June 1, 2026
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What the analyst said

TD Cowen analyst Joshua Buchalter raised the price target on Broadcom Limited (NASDAQ: AVGO) to $450 (from $405) while maintaining a Buy rating.

“Strong results/guide, as expected, but once again the story becomes unpacking commentary regarding 2H26.

Upside from Anthropic (now confirmed as the fourth customer) drives our estimates higher, but confusion on OpenAI and backlog commentary (which we believe does not yet include OpenAI) makes drawing explicit conclusions difficult.

In our view, not much changed. Buy, PT to $450.”

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 $450 target is 13% below the median.

Since the note AVGO has moved −20% (from $406). 12-month window: day 322 of 365, closes on December 12, 2026.

Track record

This call✓ Target reached on June 1, 2026, 6 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 →

Earnings reactionOne of 20 notes after Broadcom’s Dec 11 results: 17 raised · 0 cut · 3 kept. See every call →

TD Cowen on Broadcom

TD Cowen price targets on Broadcom

8 calls from June 6, 2025 to May 15, 2026. The target went from $290 to $500 (+72%). The rating stayed Buy.

TD Cowen targetAVGO share price
  1. May 15, 2026Target raised from $405 (+23%)Buy$500
  2. February 24, 2026Target cut from $450 (−10%)Buy$405
  3. December 12, 2025 This noteTarget raised from $405 (+11%)Buy$450
  4. November 12, 2025Target raised from $370 (+9%)Buy$405
  5. September 30, 2025Rating only, no price targetBuyNo target
  6. September 5, 2025Target raised from $355 (+4%)Buy$370
  7. August 19, 2025Target raised from $290 (+22%)Buy$355
  8. June 6, 2025Earliest call shownBuy$290
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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.