SunTrust Robinson Believes Broadcom Ltd (NASDAQ: AVGO) Won’t Stop Here

By Austin Angelo

In a report released yesterday, William Stein from SunTrust Robinson reiterated a Buy rating on Broadcom Ltd (NASDAQ: AVGO), with a price target of $281. The company’s shares opened today at $250.42, close to its 52-week high of $259.36.

According to TipRanks.com, Stein is a 4-star analyst with an average return of 10.6% and a 68.4% success rate. Stein covers the Consumer Goods sector, focusing on stocks such as NXP Semiconductors, Texas Instruments, and Maxim Integrated.

Currently, the analyst consensus on Broadcom Ltd is Strong Buy and the average price target is $290.26, representing a 15.9% upside.

In a report issued on September 27, Cowen & Co. also reiterated a Buy rating on the stock with a $270 price target.

The company has a one-year high of $259.36 and a one-year low of $160.62. Currently, Broadcom Ltd has an average volume of 2.45M.

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