Oppenheimer Increases Avago Technologies Limited Price Target to $70.00 (AVGO)
Oppenheimer upped their target price on shares of Avago Technologies Limited (NYSE:AVGO) from $60.00 to $70.00 in a research note issued on Thursday, American Banking and Market News reports. Oppenheimer’s price objective points to a potential upside of 21.32% from the stock’s previous close.
Shares of Avago Technologies Limited (NYSE:AVGO) traded up 1.23% on Thursday, hitting $58.41. 359,932 shares of the company’s stock traded hands. Avago Technologies Limited has a 52-week low of $30.57 and a 52-week high of $59.80. The stock has a 50-day moving average of $55.27 and a 200-day moving average of $46.12. The company has a market cap of $14.539 billion and a P/E ratio of 26.35.
A number of other analysts have also recently weighed in on AVGO. Analysts at DA Davidson downgraded shares of Avago Technologies Limited from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. They now have a $64.00 price target on the stock, up previously from $60.00. Separately, analysts at JMP Securities downgraded shares of Avago Technologies Limited to a “market perform” rating in a research note on Thursday, February 13th. Finally, analysts at Nomura raised their price target on shares of Avago Technologies Limited from $60.00 to $70.00 in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $55.40.
Avago Technologies Limited (NYSE:AVGO) is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products.
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