Broadcom Ltd Received its Third Buy in a Row

After MKM Partners and SunTrust Robinson assigned a Buy rating to Broadcom Ltd in the last month, the company received another Buy, this time from Robert W. Baird. Analyst Tristan Gerra reiterated a Buy rating on Broadcom Ltd (NASDAQ: AVGO) yesterday and set a price target of $300. The company’s shares closed yesterday at $263.89.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 17.6% and a 67.7% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Advanced Micro Devices, and Stmicroelectronics NV.

Currently, the analyst consensus on Broadcom Ltd is Strong Buy and the average price target is $312.50, representing a 18.4% upside.

In a report issued on November 29, Canaccord Genuity also reiterated a Buy rating on the stock with a $313 price target.

Broadcom Ltd’s market cap is currently $107.5B and has a P/E ratio of 205.87. The company has a book value ratio of 5.4312.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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