Analysts have been eager to weigh in on the Technology sector with new ratings on AeroVironment (AVAV), Broadcom (AVGO) and Facebook (FB).
AeroVironment (AVAV)
Raymond James analyst Brian Gesuale maintained a Hold rating on AeroVironment yesterday. The company’s shares closed last Thursday at $86.45, close to its 52-week high of $90.96.
According to TipRanks.com, Gesuale is a 5-star analyst with an average return of 18.6% and a 72.7% success rate. Gesuale covers the Technology sector, focusing on stocks such as L3Harris Technologies, Roper Technologies, and Caci International.
AeroVironment has an analyst consensus of Strong Buy, with a price target consensus of $101.50.
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Broadcom (AVGO)
Raymond James analyst Chris Caso reiterated a Hold rating on Broadcom yesterday. The company’s shares closed last Thursday at $410.04, close to its 52-week high of $412.40.
According to TipRanks.com, Caso is a 5-star analyst with an average return of 18.4% and a 61.1% success rate. Caso covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, SiTime Corporation, and NXP Semiconductors.
Broadcom has an analyst consensus of Strong Buy, with a price target consensus of $455.00, representing a 10.6% upside. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $410.00 price target.
Facebook (FB)
In a report released yesterday, Aaron Kessler from Raymond James maintained a Buy rating on Facebook. The company’s shares closed last Thursday at $277.12, close to its 52-week high of $304.67.
According to TipRanks.com, Kessler is a top 100 analyst with an average return of 25.2% and a 73.9% success rate. Kessler covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Alphabet Class C.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Facebook with a $324.69 average price target, a 17.8% upside from current levels. In a report issued on December 8, Guggenheim also maintained a Buy rating on the stock with a $365.00 price target.
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