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…