Credit Agricole Raises Broadcom Corp to Outperform (BRCM)
Several other analysts have also recently commented on the stock. Analysts at CLSA upgraded shares of Broadcom Corp from an “underperform” rating to an “outperform” rating in a research note to investors on Tuesday. Separately, analysts at BMO Capital Markets raised their price target on shares of Broadcom Corp to $44.00 in a research note to investors on Wednesday, May 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs (NYSE: GS) reiterated a “positive” rating on shares of Broadcom Corp in a research note to investors on Wednesday, May 2nd.
Broadcom Corp opened at 32.89 on Tuesday. Broadcom Corp has a 1-year low of $27.59 and a 1-year high of $39.66. The company has a market cap of $18.122 billion and a price-to-earnings ratio of 23.49.
Broadcom Corp last released its earnings data on Tuesday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.10. Broadcom Corp’s revenue was up .6% compared to the same quarter last year. Analysts expect that Broadcom Corp will post $0.79 EPS next quarter.
Broadcom Corporation (Broadcom) is a global semiconductor solution for wired and wireless communications.