Broadcom (AVGO) Gets a Hold Rating from Wells Fargo


In a report released today, Aaron Rakers from Wells Fargo maintained a Hold rating on Broadcom (AVGO). The company’s shares opened today at $286.46, close to its 52-week high of $299.55.

According to TipRanks.com, Rakers is a 5-star analyst with an average return of 14.1% and a 65.0% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Electronics for Imaging, Juniper Networks, and Western Digital.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $306.48 average price target, which is a 7.0% upside from current levels. In a report issued on March 10, BMO Capital also maintained a Hold rating on the stock with a $250 price target.

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The company has a one-year high of $299.55 and a one-year low of $197.46. Currently, Broadcom has an average volume of 3.17M.

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