Broadcom (NASDAQ:AVGO) stock price target upped to $215.00, released a report earlier today by Bernstein
- Updated: October 5, 2016
Bernstein increased the stock price target of Broadcom (NASDAQ:AVGO) to $215.00 indicating a possible upside of 0.27%.
Yesterday Broadcom (NASDAQ:AVGO) traded -0.60% lower at $169.05. The company’s 50-day moving average is $171.79 and its 200-day moving average is $159.47. The last closing price is up 6.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,959,086 shares of the stock were exchanged, down from an average trading volume of 2,570,250
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Broadcom has a 52 week low of $111.53 and a 52 week high of $179.42 The company’s market cap is currently $0.
In addition to Bernstein reporting its target price, a total of 26 brokers have issued a report on the stock. The consensus target price is $193.31 with 8 brokers rating the stock a strong buy, 21 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Broadcom (NASDAQ:AVGO)
Broadcom Limited is a semiconductor company. The Company offers a range of products in end-markets, including wired infrastructure, wireless communications, enterprise storage, and industrial and others. The Company's products are used in various applications, including data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and displays. The Company's product categories include broadband access and modems, enterprise and network processors, Ethernet communication and switching, set-top box and media processors, wireless infrastructure and wireless connectivity. Its broadband access and modems category consists of products, such as Universal 1024 quadrature amplitude modulation (QAM) Modulator, Universal DOCSIS 2.0-Based Downstream Modulator and QAMLink DOCSIS/EuroDOCSIS 2.0 Single-Chip Cable Modem.
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