Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Broadcom (NASDAQ:AVGO) on Tuesday, setting a price target of $370, which is approximately 6.58% above the present share price of $347.15.
Mosesmann expects Broadcom to post earnings per share (EPS) of $1.22 for the third quarter of 2020.
The current consensus among 24 TipRanks analysts is for a Strong Buy rating of shares in Broadcom, with an average price target of $357.05.
The analysts price targets range from a high of $400 to a low of $305.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $5.74 billion and a net profit of $820 million. The company's market cap is $139.62 billion.
According to TipRanks.com, Rosenblatt Securities analyst Hans Mosesmann is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.5% and a 66.06% success rate.
Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. It operates through the following segments: Semiconductor Solutions, Infrastructure Software and IP licensing. The Semiconductor Solutions segment manages movement of data in data center, telecom, enterprise and embedded networking applications. The Infrastructure Software segment provides a portfolio of mainframe, enterprise and storage area networking solutions. The IP licensing segment licenses a portion of its broad IP portfolio. The company was founded in 1961 and is headquartered in San Jose, CA.