Avago Technologies PT Raised to $84.00 (AVGO)
Stock analysts at Jefferies Group upped their price target on shares of Avago Technologies (NASDAQ:AVGO) from $76.00 to $84.00 in a report issued on Friday. Jefferies Group’s target price suggests a potential upside of 2.33% from the company’s current price.
A number of other firms have also recently commented on AVGO. Analysts at Barclays raised their price target on shares of Avago Technologies from $85.00 to $90.00 in a research note on Friday. Separately, analysts at DA Davidson raised their price target on shares of Avago Technologies from $75.00 to $84.00 in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Avago Technologies to $97.00 in a research note on Friday. They now have a “positive” rating on the stock. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Avago Technologies currently has a consensus rating of “Buy” and an average target price of $87.06.
Avago Technologies (NASDAQ:AVGO) traded up 7.50% on Friday, hitting $82.09. The stock had a trading volume of 6,276,170 shares. Avago Technologies has a 52-week low of $38.04 and a 52-week high of $77.21. The stock’s 50-day moving average is $73.06 and its 200-day moving average is $67.58. The company has a market cap of $20.663 billion and a P/E ratio of 32.11.
Avago Technologies (NASDAQ:AVGO) last released its earnings data on Thursday, August 28th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.21. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 99.8% on a year-over-year basis. On average, analysts predict that Avago Technologies will post $4.01 earnings per share 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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