Avago Technologies Price Target Raised to $83.00 at Canaccord Genuity (AVGO)
Equities research analysts at Canaccord Genuity upped their price target on shares of Avago Technologies (NYSE:AVGO) from $76.00 to $83.00 in a research note issued to investors on Friday. Canaccord Genuity’s price target indicates a potential upside of 17.25% from the stock’s previous close.
AVGO has been the subject of a number of other recent research reports. Analysts at Morgan Stanley raised their price target on shares of Avago Technologies from $68.00 to $80.00 in a research note on Wednesday. Separately, analysts at Credit Suisse raised their price target on shares of Avago Technologies from $65.00 to $75.00 in a research note on Wednesday. Finally, analysts at Oppenheimer raised their price target on shares of Avago Technologies from $70.00 to $82.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $72.47.
Shares of Avago Technologies (NYSE:AVGO) opened at 70.79 on Friday. 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 $17.685 billion and a P/E ratio of 31.59.
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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