In a report released yesterday, John Pitzer from Credit Suisse maintained a Buy rating on Broadcom Ltd (NASDAQ: AVGO), with a price target of $335. The company’s shares closed yesterday at $230.38, close to its 52-week low of $221.86.
According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 20.8% and a 70.9% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Intel Corp.
Currently, the analyst consensus on Broadcom Ltd is Strong Buy and the average price target is $316, representing a 37.2% upside.
In a report issued on April 24, Mizuho Securities also maintained a Buy rating on the stock.
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The company has a one-year high of $285.68 and a one-year low of $221.86. Currently, Broadcom Ltd has an average volume of 4.09M.
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.
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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