Stock Analysis:Avago Technologies Limited (NASDAQ:AVGO) Price Target Change
In a comprehensive report shared with investors and clients by Canaccord Genuity on 3 December, Avago Technologies Limited (NASDAQ:AVGO) had its target price per share lifted to $179.00. The firm right now has a solid “Buy” 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 6.13% above today’s ($144.85) 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 7.65 million shares of stock traded hands or 132.52% 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 is a designer, developer and global supplier of a range of analog semiconductor devices. The company has a market cap of $36.13 billion. The Firm focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. It has 38.51 P/E ratio. The Firm operates through four divisions: wireless communications, enterprise storage, wired infrastructure and industrial & other.