Goldman Sachs Group Inc. reiterated their buy rating on shares of Avago Technologies (NASDAQ:AVGO) in a research note released on Monday morning, StockRatingsNetwork.com reports.
Avago Technologies (NASDAQ:AVGO) opened at 36.555 on Monday. Avago Technologies has a 1-year low of $30.50 and a 1-year high of $39.74. The stock has a 50-day moving average of $37.31 and a 200-day moving average of $35.65. The company has a market cap of $9.026 billion and a P/E ratio of 16.85.
Other equities research analysts have also recently issued reports about the stock. Analysts at Charter Equity upgraded shares of Avago Technologies from a buy rating to a strong-buy rating in a research note to investors on Monday. Separately, analysts at Deutsche Bank reiterated a buy rating on shares of Avago Technologies in a research note to investors on Friday, August 23rd. They now have a $45.00 price target on the stock. Finally, analysts at Brean Capital downgraded shares of Avago Technologies from a buy rating to a hold rating in a research note to investors on Thursday, August 15th. They now have a $43.00 price target on the stock.
Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $43.11.
Avago Technologies Limited (NASDAQ:AVGO) 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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