TD Cowen Broadcom · AVGO

TD Cowen Raises Broadcom Price Target to $500

1 min read Reproduced verbatim
Rating
Positive
Unchanged
Target
$500
from $405 (+23%)
Upside
+50%
AVGO at $333 today
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What the analyst said

TD Cowen analyst Joshua Buchalter raised the price target on Broadcom Limited (NASDAQ: AVGO) to $500.00 (from $405.00) while maintaining a Buy rating.

“Positive on Broadcom (Buchalter, Buy) as we see the company positioned to meet or beat the 30% Q/Q growth bar for the July quarter, supported by ramping TPU and networking demand.

We think there could be upside to management’s prior >$100B C2027 AI semis outlook as program visibility and implied volumes point to meaningfully higher revenue contribution.

While execution against near-term expectations will be important, we believe management will reiterate confidence in scaling AI revenues beyond current targets, which is more important to the durable and broadening AI opportunity.

Trading at 23x our F2027 estimates, we believe risk/reward remains compelling here as well.”

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 $333. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $500 target is 3% below the median.

Since the note AVGO has moved −24% (from $440). 12-month window: day 172 of 365, closes on May 15, 2027.

Track record

This callOpen: AVGO has not reached $500 yet. This 12-month target is scored on May 15, 2027.

Firm track recordTD Cowen: 83% of its 35 targets at least a year old were reached within 12 months (#6 of 26 firms); on Broadcom, 5 of 5. Accuracy ranking →

TD Cowen on Broadcom

TD Cowen price targets on Broadcom

8 calls from September 5, 2025 to August 18, 2026. The target went from $370 to $500 (+35%). The rating stayed Buy.

TD Cowen targetAVGO share price
  1. August 18, 2026Kept the $500 targetBuy$500
  2. June 4, 2026Kept the $500 targetBuy$500
  3. May 15, 2026 This noteTarget raised from $405 (+23%)Buy$500
  4. February 24, 2026Target cut from $450 (−10%)Buy$405
  5. December 12, 2025Target raised from $405 (+11%)Buy$450
  6. November 12, 2025Target raised from $370 (+9%)Buy$405
  7. September 30, 2025Rating only, no price targetBuyNo target
  8. September 5, 2025Earliest call shownBuy$370
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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.