Top25-SA-Banner

Broadcom (AVGO) Gets a Buy Rating from Deutsche Bank


Deutsche Bank analyst Ross Seymore maintained a Buy rating on Broadcom (AVGO) today and set a price target of $300. The company’s shares closed on Friday at $237.41.

According to TipRanks.com, Seymore is a top 25 analyst with an average return of 25.7% and a 79.1% success rate. Seymore covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Texas Instruments, and Maxim Integrated.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $290.43 average price target, which is a 22.3% upside from current levels. In a report released today, B.Riley FBR also upgraded the stock to Buy with a $300 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $275.70 and a one-year low of $197.46. Currently, Broadcom has an average volume of 3.7M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Broadcom, Inc., is a holding company, which engages in the design, development and supply of analog and digital semiconductor connectivity solutions. It serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other.

Read More on AVGO: