Broadcom Inc (NASDAQ:AVGO) does about 27.75M shares in volume on a normal day but saw 18305837 shares change hands in the recent trading day. The company now has a market cap of 1169.75B USD. Its current market price is $248.70, marking a decrease of -2.88% compared to the previous close of $256.07. The 52 week high reached by this stock is $265.43 whilst the lowest price level in 52 weeks is $128.50. The script in recent trading has seen the stock touch a high of $295 and a low of $215.
27 analysts observing the Broadcom Inc (AVGO) stock have set the 12-month price targets for the company’s shares at between $215 and $295. The consensus objective for the share price is $283.08, suggesting that the stock has a potential upside of 12.14% over the period. The median price target is 0.52% away from the current levels at $250.
FactSet Research has provided data showing that 27 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 26 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
Seaport Research Partners initiated its price target at $230.
The current price level is 2.36%, 18.18%, and 26.60% away from its SMA20, SMA50, and SMA200 respectively, with the AVGO price moving above the 50-day SMA on current market day. Broadcom Inc (AVGO) stock is up 0.72% over the week and 7.14% over the past month. Its price is 7.27% year-to-date and 70.22% over the past year.
Its 12-month price target is $250. To reach the target analysts have set, the stock logically needs to grow 12.14 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $215, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $295.
The company has a return on investment of 9.84% and return on equity of 18.98%. The price to earnings ratio (P/E ratio) amounts to 93.49 while the forward price to earnings ratio is 30.53. The beta has a value of 1.12. Price to book ratio is 16.81 and price to sales ratio is 20.51.
