Broadcom Limited (AVGO) PT Raised to $545 at Mizuho Securities

Broadcom Limited (AVGO) PT Raised to $590 at Susquehanna

Susquehanna analyst Christopher Rolland raised the price target on Broadcom Limited (NASDAQ: AVGO) to $590.00 (from $580.00) while maintaining a Positive rating.

The analyst commented, "On Thursday, September 2, Broadcom posted in-line results, but slightly better guidance driven by a foreseen reacceleration of enterprise. In Networking, strong results were underscored by routing from service providers (SP) in the expansion of 5G backhaul. Broadcom also highlighted share gains for Ethernet NICs within cloud. Looking ahead, cloud and SP revenues... More

Broadcom Limited (AVGO) PT Raised to $600 at Rosenblatt

Rosenblatt analyst Hans Mosesmann raised the price target on Broadcom Limited (NASDAQ: AVGO) to $600.00 (from $550.00) while maintaining a Buy rating following earnings.

The analyst commented, "Once again, Broadcom delivered a solid beat driven by broad based infrastructure silicon (in particular, networking and broadband), and enterprise software. The outlook for F4Q... More

Broadcom Limited (AVGO) PT Raised to $580 at UBS

UBS analyst Timothy Arcuri raised the price target on Broadcom Limited (NASDAQ: AVGO) to $580.00 (from $550.00) while maintaining a Neutral rating.... More

Credit Suisse Sees Broadcom Limited (AVGO) as Undervalued Despite Upside Reverting to Mean Levels

Credit Suisse analyst John Pitzer reiterated an Outperform rating and $580.00 price target on Broadcom Limited (NASDAQ: AVGO) after the company reported F3Q EPS that came in above Street consensus but Revenue was only in-line with the guidance and below buyside expectations. Management guided F4Q Rev/EPS above consensus but in-line with buyside expectations.... More

Broadcom (AVGO) Tops Q3 Estimates But Analysts Divided - Summit Downgrades to Hold While Credit Suisse Says Stock Undervalued

Shares of Broadcom (NASDAQ: AVGO) are up about 1% after the company delivered better-than-expected Q3 results.

Broadcom reported EPS of $6.96 to beat the analyst estimate of $6.85. Revenue for the quarter came in at $6.78 billion versus the consensus estimate of $6.74 billion.

"Broadcom delivered record revenues in the third quarter reflecting our product and technology leadership across multiple secular growth markets in cloud, 5G infrastructure, broadband, and wireless. We are projecting the momentum to continue in the fourth quarter, said Hock Tan, President and CEO of Broadcom.

Along these lines, AVGO projected Q4 sales... More

Broadcom Limited (AVGO) PT Raised to $585 at Citi

Citi analyst Christopher Danely raised the price target on Broadcom Limited (NASDAQ: AVGO) to $585.00 (from $528.00) while maintaining a Buy rating.... More

Broadcom Limited (AVGO) PT Raised to $575 at KeyBanc

KeyBanc analyst Weston Twigg raised the price target on Broadcom Limited (NASDAQ: AVGO) to $575.00 (from $565.00) while maintaining a Overweight rating.... More

Broadcom Limited (AVGO) PT Raised to $540 at Barclays

Barclays analyst Blayne Curtis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $540.00 (from $525.00) while maintaining a Overweight rating.... More

UPDATE: Broadcom Limited (AVGO) PT Raised to $572 at Morgan Stanley as Guidance Increases on Smartphone Builds

(Updated - September 3, 2021 6:51 AM EDT)

Morgan Stanley analyst Joseph Moore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $572.00 (from $555.00) after the company guided slightly higher, with a notable rebound in smartphone builds, strength in
networking and broadband offset by enterprise... More