Broadcom To $475? Why This Analyst Says It Still Has Plenty Of Room To Run

Group 1 - UBS reaffirmed its Buy rating and $475 price forecast for Broadcom, citing that the premium semiconductor valuation is justified by durable growth despite broader software-sector multiple compression acting as a drag on the stock [1] - A cautionary note regarding the integration of VMware was raised, with UBS warning that customer churn could increase in 2026 and 2027 as three-year contracts renew, posing a potential medium-term challenge for the enterprise segment [2] Group 2 - Arya projects that AI systems will expand by 100% in 2026 due to new deployments, and anticipates that chip vendors will pass higher memory costs to customers to protect margins against rising component expenses [3] - Broadcom shares were reported to be up 1.17% at $329.30 at the time of publication [3]