Melius Research cuts Broadcom price target to $450 from $610

The reported reduction trims one of Wall Street's more bullish calls on the AI chipmaker after a steep slide from its mid-2026 highs Melius Research has lowered its price target on Broadcom to $450 from $610, according to a post circulating on X. That is a cut of more than a quarter from a target that was among the more aggressive on the Street. The original $610 target came from Melius analyst Ben Reitzes in October 2026. His thesis centered on Google , one of Broadcom’s most important customers.

Source: Crypto Briefing