Susquehanna analyst Christopher Rolland reiterated a Buy rating on Broadcom (NASDAQ:AVGO) on Friday, setting a price target of $540, which is approximately 16.18% above the present share price of $464.8.
Rolland expects Broadcom to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 20 TipRanks analysts is for a Strong Buy rating of shares in Broadcom, with an average price target of $534.28.
The analysts price targets range from a high of $575 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 $189.78 billion.
According to TipRanks.com, Susquehanna analyst Christopher Rolland is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.5% and a 74.14% success rate.
Broadcom, Inc. is a technology company offering semiconductor and infrastructure software solutions. It operates through two segments: Semiconductor Solutions (includes semiconductor solution product lines and IP licensing) and Infrastructure Software (Includes mainframe, BizOps and cyber security software solutions and FC SAN business). The company was founded in 1961 and is headquartered in San Jose, CA.