Broadcom Drops 3.99% as TD Cowen Cuts Target Price

On April 10, 2025, Broadcom's stock experienced a significant drop of 3.99% in pre-market trading, reflecting a notable decline in investor sentiment.

TD Cowen, a prominent investment firm, recently adjusted its target price for Broadcom, reducing it from $265 to $200. This downward revision suggests a more cautious outlook on the company's future performance, potentially influencing investor decisions and contributing to the stock's recent decline.

Additionally, Broadcom's stock has been impacted by legal developments involving its controlling shareholder, Intertek. The company recently announced that a court ruling in a contract dispute has been upheld, requiring the controlling shareholder to compensate the plaintiff with 14 million yuan and additional legal fees. While the company has stated that this lawsuit will not significantly affect its operations, the legal proceedings may still introduce uncertainty and affect investor confidence.