Broadcom Consensus Target at $460 Implies 38.6% Upside with 7M TPU Demand
Analysts raised Broadcom’s price targets to $400 and $430, forecasting Google TPU demand at 7 million units by 2028 and $154.5 billion revenue with $16 EPS by 2027. Consensus target of $460 implies 38.6% upside, with analysts projecting 75% AI networking growth and $44 billion AI chip sales in 2026.
1. Analyst Upgrades and Revised Price Targets
Wolfe Research upgraded Broadcom to Buy and raised its target to $400, citing structural shifts in the AI chip market. Wells Fargo followed with an Overweight rating and a $430 target, highlighting sustained AI semiconductor momentum and robust infrastructure software growth.
2. Consensus Price Target and Projected Upside
The consensus price target stands at $460, representing a 38.55% upside from current levels. Nearly all analysts maintain a bullish stance, positioning Broadcom as a key beneficiary of expanding data center and AI computing investments.
3. TPU Demand Forecast and AI Market Dynamics
Wolfe forecasts Google’s Tensor Processing Unit demand reaching 7 million units annually by 2028 as external clients adopt the technology. This structural change in the AI chip market is expected to drive Broadcom’s semiconductor and networking businesses.
4. Financial Projections for Revenue and AI Segments
Analysts project Broadcom will generate $154.5 billion in revenue with $16 EPS by 2027. In 2026, AI networking revenue is expected to grow by 75%, while AI chip sales are forecast to reach $44 billion.