Broadcom (AVGO) Tops Q4 Earnings and Revenue Estimates, Prompting Analysts to Raise PTs

Broadcom Limited (AVGO) PT Raised to $470 at Jefferies

December 11, 2020 8:05 AM EST

Jefferies analyst Mark Lipacis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $470.00 (from $420.00) while maintaining a Buy rating.

The analyst commented, "AVGO beat and raised based on continue strength in networking and broadband and expected ramp in wireless. AVGO expects... More

Broadcom Limited (AVGO) PT Raised to $445 at UBS

December 11, 2020 7:28 AM EST

UBS analyst Timothy Arcuri raised the price target on Broadcom Limited (NASDAQ: AVGO) to $445.00 (from $425.00) while maintaining a Buy rating.... More

Broadcom Limited (AVGO) PT Raised to $470 at Rosenblatt After Beat, Raise and Management Changes

December 11, 2020 7:13 AM EST

Rosenblatt analyst Hans Mosesmann raised the price target on Broadcom Limited (NASDAQ: AVGO) to $470.00 (from $430.00) after the company reported another solid beat and raise driven by networking/cloud, wireless (iPhone), and broadband in an environment. Additionally, the outlook/visibility is expected to be strong in semi's (excluding... More

Broadcom Limited (AVGO) PT Raised to $460 at Mizuho Securities

December 11, 2020 7:03 AM EST

Mizuho Securities analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $460.00 (from $425.00) while maintaining a Buy rating.

The analyst commented, "AVGO reported a good OctQ and guided to a better JanQ at $6.6B (consensus $6.5B). AVGO noted OctQ... More

Broadcom Limited (AVGO) PT Raised to $450 at RBC Capital

December 11, 2020 6:09 AM EST

RBC Capital analyst Mitch Steves raised the price target on Broadcom Limited (NASDAQ: AVGO) to $450.00 (from $410.00) while maintaining a Outperform rating.... More

Broadcom Limited (AVGO) PT Raised to $410 at Wells Fargo

December 11, 2020 5:43 AM EST

Wells Fargo analyst Aaron Rakers raised the price target on Broadcom Limited (NASDAQ: AVGO) to $410.00 (from $360.00) while maintaining a Equal Weight rating.... More

Broadcom Limited (AVGO) PT Raised to $470 at KeyBanc

December 11, 2020 5:12 AM EST

KeyBanc analyst Weston Twigg raised the price target on Broadcom Limited (NASDAQ: AVGO) to $470.00 (from $410.00) while maintaining a Overweight rating.... More

Broadcom (AVGO) Announces Senior Leadership Appointments

December 10, 2020 4:18 PM EST

Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced the following senior leadership appointments, effective immediately, reporting to Hock Tan, President and Chief Executive Officer:

Tom Krause, currently Chief Financial Officer of Broadcom, has been named President of the new Infrastructure Software Group, overseeing the Company's six software divisions as well as software sales, customer support and software operations.Charlie Kawwas, currently Senior Vice President and Chief Sales Officer of Broadcom, has... More

Broadcom (AVGO) Tops Q4 EPS by 10c, Offers Q1 Guidance

December 10, 2020 4:17 PM EST

Broadcom (NASDAQ: AVGO) reported Q4 EPS of $6.35, $0.10 better than the analyst estimate of $6.25. Revenue for the quarter came in at $6.47 billion versus the consensus estimate of $6.43 billion.

GUIDANCE:

Broadcom sees Q1 2021 revenue of $6.6 billion, versus the consensus of $6.37... More