Credit Suisse analyst John Pitzer maintained a Buy rating on Broadcom (NASDAQ: AVGO) on June 4 and set a price target of $335. The company’s shares closed yesterday at $263.52.
According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 23.2% and a 76.1% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Analog Devices.
Currently, the analyst consensus on Broadcom is Strong Buy and the average price target is $310.67, representing a 17.9% upside.
In a report issued on May 24, Evercore ISI also initiated coverage with a Buy rating on the stock with a $300 price target.
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Broadcom’s market cap is currently $108B and has a P/E ratio of 13.85. The company has a Price to Book ratio of 4.17.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Kenneth Hao, a Director at AVGO bought 9,854 shares for a total of $348,635.
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.
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