KeyBanc analyst Weston Twigg maintained a Buy rating on Broadcom (NASDAQ:AVGO) on Friday, setting a price target of $470, which is approximately 14.62% above the present share price of $410.04.
Twigg expects Broadcom to post earnings per share (EPS) of $1.52 for the fourth quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Broadcom, with an average price target of $456.36.
The analysts price targets range from a high of $490 to a low of $400.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $5.82 billion and a net profit of $1.06 billion. The company's market cap is $166.53 billion.
According to TipRanks.com, KeyBanc analyst Weston Twigg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 30.4% and a 78.39% success rate.
Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. It operates through the following segments: Semiconductor Solutions, Infrastructure Software and IP licensing. The Semiconductor Solutions segment manages movement of data in data center, telecom, enterprise and embedded networking applications. The Infrastructure Software segment provides a portfolio of mainframe, enterprise and storage area networking solutions. The IP licensing segment licenses a portion of its broad IP portfolio. The company was founded in 1961 and is headquartered in San Jose, CA.