Avago Tech (NASDAQ:AVGO) Rating Reaffirmed
Topeka Capital Markets now has a $153 price target on shares of Avago Tech (NASDAQ:AVGO). The price target would suggest a potential upside of 15.72% from the stock price of Avago Tech (NASDAQ:AVGO). This rating was shown in a very recent research note on Thursday morning.
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 16.28% above today’s ($132.21) 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.
The stock decreased 0.51% or $0.68 during the last trading session, striking $132.21. Approximately 1,827 shares of stock traded hands. 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 $36.59 billion. The Firm focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. It has 35.15 P/E ratio. The Firm operates through four divisions: wireless communications, enterprise storage, wired infrastructure and industrial & other.