Avago Technologies Coverage Initiated by Analysts at Deutsche Bank (AVGO)
Research analysts at Deutsche Bank assumed coverage on shares of Avago Technologies (NYSE:AVGO) in a report released on Wednesday, AnalystRatings.NET reports. The firm set a “buy” rating and a $80.00 price target on the stock. Deutsche Bank’s target price would indicate a potential upside of 16.35% from the stock’s previous close.
AVGO has been the subject of a number of other recent research reports. Analysts at Nomura raised their price target on shares of Avago Technologies from $70.00 to $75.00 in a research note on Tuesday. Separately, analysts at Barclays initiated coverage on shares of Avago Technologies in a research note on Friday, May 9th. They set an “overweight” rating and a $85.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Avago Technologies from $65.00 to $76.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $68.88.
Shares of Avago Technologies (NYSE:AVGO) traded up 0.07% on Wednesday, hitting $68.805. The stock had a trading volume of 1,291,620 shares. Avago Technologies has a 1-year low of $33.54 and a 1-year high of $69.34. The stock has a 50-day moving average of $63.28 and a 200-day moving average of $55.69. The company has a market cap of $17.190 billion and a price-to-earnings ratio of 30.99.
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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