Harsh Kumar analyst at Piper Sandler reiterates coverage on Broadcom (AVGO) in the Technology sector with a Buy rating. TipRanks.com has Kumar rated as a 4.9 star analyst with a 67% return on investment and a 24% success rate. Kumar has set a price target of $750.
TipRanks.com reports that Broadcom currently has 13 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $702.69. The target pricing ranges from a high forecast of $775.00 down to a low forecast of $640.00. Broadcom (AVGO)’s last closing price was $533 which would put the average price target at 31.84% upside.
In addition, TradingView issued a Sell rating for AVGO over the next month, Barchart.com has a Weak sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on AVGO.
Other analysts covering AVGO include:
- Uwe Neumann of Credit Suisse issued a Buy rating with the price target of $ 640 on 1 day ago
- Vijay Rakesh of Mizuho Securities issued a Buy rating with the price target of $ 700 on 2 days ago
- Ambrish Srivastava of BMO Capital issued a Buy rating with the price target of $ 675 on 2 days ago
- Ross Seymore of Deutsche Bank issued a Buy rating with the price target of $ 700 on 1 month ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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