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.