By Pia Singh
Publication Date: 2026-01-21 16:42:00
Artificial intelligence is continuing to boost demand for Broadcom’s chips, TD Cowen analysts told clients after meeting with the company. Analysts led by Joshua Buchalter reiterated a buy rating and $450 price target over the next 12 months on Broadcom shares, suggesting 35% potential upside against Tuesday’s close. Broadcom has recently stalled after scoring massive gains over the past few years, with shares down roughly 3% over the past three months and 4% in 2026 alone. The downbeat sentiment comes as fears have grown about margin compression, a dip in Broadcom’s AI order backlog, the stock’s lofty valuation and, more broadly, a potential bubble in the stock market that could tear apart the biggest leaders of the AI trade. For all that, Palo Alto, California-based Broadcom remains 39% higher over the past year. Broadcom executives laid those concerns to rest in a recent virtual meeting with TD Cowen, however. The meeting, in which TD Cowen hosted the company’s CEO Hock Tan and…
Broadcom Inc. specializes in designing, developing, and selling analog components and sub-systems, with mixed and optoelectronic signals. The group’s products…