Broadcom (AVGO) Gets a Buy from Mizuho Securities
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According to TipRanks, Rakesh is a 5-star analyst with an average return of 17.6% and a 58.40% success rate. Rakesh covers the Technology sector, focusing on stocks such as Broadcom, Credo Technology Group Holding Ltd, and Advanced Micro Devices.
Broadcom has an analyst consensus of Strong Buy, with a price target consensus of $295.60, implying an 8.76% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $330.00 price target.
The company has a one-year high of $277.71 and a one-year low of $128.50. Currently, Broadcom has an average volume of 24.05M.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVGO in relation to earlier this year. Last month, Hock Tan, the President & CEO of AVGO sold 40,000.00 shares for a total of $10,731,600.00.
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