Avago Technologies Given New $76.00 Price Target at Jefferies Group (AVGO)
Equities researchers at Jefferies Group raised their target price on shares of Avago Technologies (NYSE:AVGO) from $60.00 to $76.00 in a research report issued on Friday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential upside of 7.36% from the company’s current price.
A number of other firms have also recently commented on AVGO. Analysts at JPMorgan Chase & Co. raised their price target on shares of Avago Technologies from $47.00 to $61.00 in a research note on Friday. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Avago Technologies in a research note on Friday. They now have a $78.00 price target on the stock, up previously from $2.00. Finally, analysts at RBC Capital raised their price target on shares of Avago Technologies from $82.00 to $87.00 in a research note on Friday. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $74.88.
Avago Technologies (NYSE:AVGO) traded down 0.17% during mid-day trading on Friday, hitting $70.67. The stock had a trading volume of 3,670,505 shares. Avago Technologies has a one year low of $35.62 and a one year high of $71.28. The stock’s 50-day moving average is $65.25 and its 200-day moving average is $57.55. The company has a market cap of $17.655 billion and a price-to-earnings ratio of 31.90.
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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