Avago Technologies Limited (AVGO) Receives Price Target

Avago Technologies Limited (AVGO) : Average target price received by Avago Technologies Limited (AVGO) is $191.33 with an expected standard deviation of $12.52. The most aggressive target on the stock is $211, whereas the most downbeat target is $160. 24 financial analysts are currently covering the stock.

Avago Technologies Limited (AVGO) : 24 analysts are covering Avago Technologies Limited (AVGO) and their average rating on the stock is 1.1, which is read as a Strong Buy. 21 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Avago Technologies Limited (AVGO) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.


Also, Baird initiates coverage on Avago Technologies Limited (NASDAQ:AVGO). Baird has a Outperform rating on the shares. The rating by the firm was issued on August 12, 2016.

Avago Technologies Limited (NASDAQ:AVGO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $176.88 and $174.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $177.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $177.09, notching a gain of 0.38% for the day. The total traded volume was 3,912,777 . The stock had closed at $176.42 on the previous day.

Avago Technologies Limited (Avago) is a designer, developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporations (LSIs) storage products and PLX Technology, Inc.s (PLXs) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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