Broadcom sees upbeat first-quarter sales, unveils $10 billion buyback plan

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Broadcom (AVGO) trading up 9% following strong earnings, guidance, and buyback news

December 10, 2021 9:50 AM EST

Broadcom (NASDAQ: AVGO) is trading up 9% following strong earnings, guidance, and buyback news.

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Broadcom Limited (AVGO) PT Raised to $720 at Jefferies

December 10, 2021 8:56 AM EST

Jefferies analyst Mark Lipacis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $720.00 (from $590.00) while maintaining a Buy rating.

The analyst commented, "AVGO beat and raised on 17% YY growth in Semis and guided Jan-22Q Networking and Storage Revs up 30% YY.... More

Broadcom Limited (AVGO) PT Raised to $675 at BMO Capital

December 10, 2021 8:47 AM EST

BMO Capital analyst Ambrish Srivastava raised the price target on Broadcom Limited (NASDAQ: AVGO) to $675.00 (from $625.00) while maintaining an Outperform rating.

The analyst commented, "Our bigger takeaway from the call was Broadcom following up on its commitment to shareholder return. It... More

Broadcom (AVGO) Stock Up 6% Following Q4 Beat, Raised Buyback

December 9, 2021 5:24 PM EST

Broadcom (NASDAQ: AVGO) shares were trading more than 6% higher after-hours following the companys reported Q4 results, with EPS coming in at $7.81, beating the consensus estimate of $7.41. Quarterly revenue was $7.6 billion, compared to the consensus estimate of $7.36 billion.

According to Hock Tan,... More