VMW - Broadcom Earnings Results Show AI Strength: 6 Analysts Deep Dive Into Print Outlook | Benzinga
Shares of Broadcom Inc (NASDAQ: AVGO) tanked in early trading on Friday, after the company reported its fiscal third-quarter earnings.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
- BMO Capital Markets analyst Ambrish Srivastava maintained an Outperform rating, while raising the price target from $850 to $1,000.
- Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating, while lifting the price target from $900 to $1,000.
- KeyBanc Capital Markets analyst John Vinh reaffirmed an Overweight rating, while raising the price target from $940 to $1,000.
- Benchmark analyst Cody Acree maintained a Buy rating and price target of $950.
- Evercore analyst Matthew Prisco reaffirmed an Outperform rating and price target of 1,000.
- Raymond James analyst Srini Pajjuri reiterated a Market Perform rating on the stock.
Check out other analyst stock ratings.
BMO Capital Markets: "Broadcom's results, guidance, and commentary were mostly within expectations,” Srivastava wrote in a note.
While ...