New Buy Rating for Broadcom (AVGO), the Technology Giant
Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Broadcom (AVGO – Research Report) yesterday and set a price target of $310.00. The company's shares closed yesterday at $259.93.
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According to TipRanks, Rakesh is a 5-star analyst with an average return of 11.8% and a 49.30% success rate. Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Broadcom.
Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $256.04.
The company has a one-year high of $265.43 and a one-year low of $128.50. Currently, Broadcom has an average volume of 29.27M.
Based on the recent corporate insider activity of 57 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. Most recently, in April 2025, Mark David Brazeal, the Chief Legal & Corp Affairs Ofc of AVGO sold 25,000.00 shares for a total of $4,500,000.00.
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