Hong Kong-based GF Securities raised its Broadcom price target to $450. The firm cites increased shipments of Google tensor processing units (TPUs). Analyst Alicia Xia attributes the revision to external sales momentum.
Xia forecasts total TPU shipments of 4.5 million in 2026. Total shipments will reach 7.9 million in 2027. These figures exceed previous estimates.
Broadcom benefits as a primary recipient of this demand. Xia projects Broadcom's TPU shipments at 4.1 million in 2026. Broadcom shipments reach 5.8 million in 2027. The analyst reiterated a "Buy" rating.