Broadcom (BRCM) Positioned to Drive Top-Line Growth
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Price: $54.67 --0%
Rating Summary:
15 Buy, 29 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
15 Buy, 29 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Oppenheimer reiterated an Outperform rating on top semiconductor pick, Broadcom (NASDAQ: BRCM).
Commenting on Broadcom's prospects, analyst Rick Schafer said, "We view Broadcom as a core holding and one of the best-positioned large-cap semi names to drive top-line growth. Broadcom's diversified business should benefit from any pickup in enterprise spending."
Schafer thinks a baseband ramp will drive top-line in 2013 could be the next leg of growth on top of wireless combo chip.
"Combo chips (WLAN, BT, GPS and/or FM) continue to surpass expectations and appear poised to continue momentum in 2013, despite the QUALCOMM (Nasdaq: QCOM) share loss bear-case scenario," he said.
Oppenheimer has a price target of $45.00 on Broadcom.
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 $33.36 yesterday.
Commenting on Broadcom's prospects, analyst Rick Schafer said, "We view Broadcom as a core holding and one of the best-positioned large-cap semi names to drive top-line growth. Broadcom's diversified business should benefit from any pickup in enterprise spending."
Schafer thinks a baseband ramp will drive top-line in 2013 could be the next leg of growth on top of wireless combo chip.
"Combo chips (WLAN, BT, GPS and/or FM) continue to surpass expectations and appear poised to continue momentum in 2013, despite the QUALCOMM (Nasdaq: QCOM) share loss bear-case scenario," he said.
Oppenheimer has a price target of $45.00 on Broadcom.
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 $33.36 yesterday.
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