In a report released yesterday, John Pitzer from Credit Suisse maintained a Buy rating on Broadcom (AVGO), with a price target of $300. The company’s shares closed on Tuesday at $232.04.
According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 18.0% and a 64.6% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Rudolph Technologies, and Brooks Automation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $289.55 average price target, a 24.8% upside from current levels. In a report issued on December 3, 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 3.69M.
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:
