Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating on Broadcom (NASDAQ:AVGO) on Monday, setting a price target of $470, which is approximately 5.95% above the present share price of $443.6.
Mosesmann expects Broadcom to post earnings per share (EPS) of $0.00 for the first quarter of 2021.
The current consensus among 25 TipRanks analysts is for a Strong Buy rating of shares in Broadcom, with an average price target of $516.23.
The analysts price targets range from a high of $580 to a low of $440.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $6.66 billion and a net profit of $1.91 billion. The company's market cap is $181.09 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 23.8% and a 64.85% 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.