Auriga Raises PT and Estimates on Broadcom (BRCM); Still The One
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Price: $54.67 --0%
Rating Summary:
15 Buy, 29 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 29 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga maintains a 'Buy' on Broadcom (NASDAQ: BRCM) price target raised $1 to $45.
Auriga analyst said, "We expect BRCM to maintain/increase its connectivity market share in 2012, along with significant share gains in baseband/apps for low-end smartphones. On a longer term basis, we expect BRCM to maintain/increase its connectivity lead with the transition to 802.11ac and significantly improve its competitive positioning in mid-range smartphones with its LTE offering. We also see BRCM as a significant share gainer in switching because of its dominant position in faster growing service provider and data center segments. While we continue to see headwinds for BRCM's NetLogic division, we still view the stock as most attractive in our mid-large cap coverage universe."
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $38.28 yesterday.
Auriga analyst said, "We expect BRCM to maintain/increase its connectivity market share in 2012, along with significant share gains in baseband/apps for low-end smartphones. On a longer term basis, we expect BRCM to maintain/increase its connectivity lead with the transition to 802.11ac and significantly improve its competitive positioning in mid-range smartphones with its LTE offering. We also see BRCM as a significant share gainer in switching because of its dominant position in faster growing service provider and data center segments. While we continue to see headwinds for BRCM's NetLogic division, we still view the stock as most attractive in our mid-large cap coverage universe."
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $38.28 yesterday.
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