By Vardah Gill
Publication Date: 2026-02-25 15:58:00
Broadcom Inc. (NASDAQ:AVGO) is included among the Goldman Sachs Dividend Stocks: Top 14 Stock Picks.
Photo by NeONBRAND on Unsplash
On February 24, TD Cowen lowered its price recommendation on Broadcom Inc. (NASDAQ:AVGO) to $405 from $450. The firm maintained a Buy rating on the shares as part of its earnings preview. In a research note, the analyst said investment in AI infrastructure continues to rise, and expectations are still moving higher. TD Cowen expects this trend to support semiconductor estimates in 2026 and 2027. At the same time, share valuations have pulled back. The firm believes this creates an opportunity for investors. It also said it remains positive on the computing and networking segment.
Much of Broadcom’s recent growth has come from its customized application-specific integrated circuits, or ASICs, which help accelerate AI workloads. At the same time, the…
