Broadcom (AVGO) Receives a Hold from BMO Capital
In a report released today, Ambrish Srivastava from BMO Capital maintained a Hold rating on Broadcom (AVGO), with a price target of $250. The company’s shares closed yesterday at $227.24.
According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 10.0% and a 70.9% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Maxim Integrated.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $290.67 average price target, which is a 27.9% upside from current levels. In a report issued on November 28, Morgan Stanley also initiated coverage with a Hold rating on the stock with a $260 price target.
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Broadcom’s market cap is currently $93.92B and has a P/E ratio of 8.01. The company has a Price to Book ratio of 3.42.
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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.
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