BroadSoft Gets a Buy Rating from Jefferies

By Ryan Adsit

Jefferies analyst John Difucci reiterated a Buy rating on BroadSoft (NASDAQ: BSFT) on June 23 and set a price target of $55. The company’s shares opened today at $44.

According to TipRanks.com, Difucci is a top 25 analyst with an average return of 19.0% and a 76.4% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, CommVault Systems, and AVG Technologies.

Currently, the analyst consensus on BroadSoft is Moderate Buy and the average price target is $47.67, representing an 8.3% upside.

In a report issued on June 14, William Blair also reiterated a Buy rating on the stock.

The company has a one year high of $48.40 and a one year low of $33.85. Currently, BroadSoft has an average volume of 465.9K.

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BroadSoft, Inc. provides software and services that allow mobile, fixed-line, and cable providers to deliver voice and multimedia services. Its products include BroadWorks, BroadCloud and BroadTouch.