Broadcom (BRCM) Receives News Sentiment Rating of 0.26
Media stories about Broadcom (NASDAQ:BRCM) have been trending positive on Friday, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Broadcom earned a news impact score of 0.26 on AlphaOne’s scale. AlphaOne also assigned headlines about the semiconductor manufacturer an impact score of 84 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the immediate future.
Separately, MKM Partners started coverage on Broadcom in a research note on Wednesday, February 22nd. They set a “buy” rating and a $216.40 price target for the company.
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Broadcom Corporation (Broadcom) provides semiconductor solutions for wired and wireless communications. The Company offers a portfolio of system-on-a-chip solutions (SoCs) that deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. The Company’s solutions are used globally by manufacturers and are embedded in an array of communications products.
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