Avago Technologies Limited (NASDAQ:AVGO) Has Just Had Its Price Target Increased by Investment Analysts at Oppenheimer to $170.00

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Stock Analysis:Avago Technologies Limited (NASDAQ:AVGO) Price Target Change

In a recent report sent to investors and clients by Oppenheimer on Thursday, 3 December, Avago Technologies Limited (NASDAQ:AVGO) had its Estimated Target Price raised to $170.00. The firm right now has a solid Outperform rating on shares.

From a total of 23 analysts covering Avago Technologies Limited (NASDAQ:AVGO) stock, 23 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 96% of the ratings are positive. The highest target price is $185 while the lowest target price is $130. The mean of all analyst targets is $161.91 with a 6.28% above today’s ($144.64) stock price. Avago Technologies Limited was the topic of 22 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Susquehanna initiated shares on December 1 with “Positive” rating. BMO Capital Markets maintained shares with “Outperform” rating and $185 target share price in a report from an August 28. Drexel Hamilton initiated AVGO stock in a recent report from November 10 with “Buy” rating. Brean Capital maintained the rating on August 27. Brean Capital has a “Buy” rating and a $170 price target on shares. Finally, JMP Securities upgraded the stock to “Market Outperform” rating in a report issued on a September 10.

Approximately 7.59M shares of stock traded hands or 130.70% up from the average. Avago Technologies Ltd (NASDAQ:AVGO) has risen 13.12% since April 30, 2015 and is uptrending. It has outperformed by 13.40% the S&P500.

Avago Technologies Limited (NASDAQ:AVGO) Has Just Had Its Price Target Increased by Investment Analysts at Oppenheimer to $170.00

Avago Technologies Limited is a designer, developer and global supplier of a range of analog semiconductor devices. The company has a market cap of $36.07 billion. The Firm focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. It has 38.45 P/E ratio. The Firm operates through four divisions: wireless communications, enterprise storage, wired infrastructure and industrial & other.

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