Avago Technologies Price Target Increased to $66.00 by Analysts at RBC Capital (AVGO)
Stock analysts at RBC Capital boosted their target price on shares of Avago Technologies (NASDAQ:AVGO) from $64.00 to $66.00 in a report issued on Wednesday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price points to a potential upside of 11.86% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James initiated coverage on shares of Avago Technologies in a research note on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Avago Technologies from $60.00 to $70.00 in a research note on Thursday, February 20th. They now have an “outperform” rating on the stock. Finally, analysts at DA Davidson downgraded shares of Avago Technologies 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. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $57.13.
Shares of Avago Technologies (NASDAQ:AVGO) opened at 59.00 on Wednesday. Avago Technologies has a 52 week low of $30.57 and a 52 week high of $60.00. The stock has a 50-day moving average of $55.94 and a 200-day moving average of $46.83. The company has a market cap of $14.686 billion and a P/E ratio of 27.20.
Avago Technologies (NASDAQ:AVGO) last released its earnings data on Tuesday, February 25th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.06. The company had revenue of $709.00 million for the quarter, compared to the consensus estimate of $705.29 million. Analysts expect that Avago Technologies will post $3.33 EPS for the current fiscal year.
Avago Technologies Limited 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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