Avago Technologies PT Raised to $65.00 (AVGO)
Credit Suisse increased their target price on shares of Avago Technologies (NYSE:AVGO) from $50.00 to $65.00 in a research note issued on Wednesday, Analyst Ratings Network reports. Credit Suisse’s price objective points to a potential upside of 5.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Avago Technologies from $40.00 to $47.00 in a research note on Wednesday. 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. 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. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Avago Technologies has an average rating of “Buy” and a consensus price target of $58.25.
Avago Technologies (NYSE:AVGO) traded up 4.92% during mid-day trading on Wednesday, hitting $61.90. 4,912,497 shares of the company’s stock traded hands. Avago Technologies has a 52 week low of $30.57 and a 52 week high of $63.49. The stock’s 50-day moving average is $56.20 and its 200-day moving average is $46.94. The company has a market cap of $15.407 billion and a P/E ratio of 26.94.
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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