Bank of America Securities Analyst Reiterates Buy Rating on Broadcom, AVGO
Vivek Arya analyst at Bank of America Securities reiterates coverage on Broadcom (AVGO) in the 5G sector with a Buy rating. TipRanks.com has Arya rated as a 5 star analyst with a 62% return on investment and a 22% success rate. Arya has set a price target of $625.
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 $700.58. The target pricing ranges from a high forecast of $780.00 down to a low forecast of $625.00. Broadcom (AVGO)’s last closing price was $489.57 which would put the average price target at 43.10% upside.
In addition, TradingView issued a Strong Sell rating for AVGO over the next month, Barchart.com has a Strong 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:
- Ross Seymore of Deutsche Bank issued a Buy rating with the price target of $ 700 on 1 week ago
- Rick Schafer of Oppenheimer issued a Buy rating with the price target of $ 700 on 2 weeks ago
- Christopher Rolland of Susquehanna issued a Buy rating with the price target of $ 680 on 4 weeks ago
- John Vinh of KeyBanc issued a Buy rating with the price target of $ 780 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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