Analysts Offer Insights on Technology Companies: Broadcom (AVGO), Nvidia (NVDA) and Daqo New Energy (DQ)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Broadcom (AVGO – Research Report), Nvidia (NVDA – Research Report) and Daqo New Energy (DQ – Research Report) with bullish sentiments.
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Broadcom (AVGO)
In a report released today, Fang Boon Foo from DBS maintained a Buy rating on Broadcom. The company’s shares closed last Friday at $334.89.
Foo has an average return of
According to TipRanks.com, Foo is ranked #471 out of 10020 analysts.
Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $375.58, which is a 5.6% upside from current levels. In a report issued on September 5, KeyBanc also maintained a Buy rating on the stock with a $400.00 price target.
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Nvidia (NVDA)
Citi analyst Atif Malik maintained a Buy rating on Nvidia today and set a price target of $200.00. The company’s shares closed last Friday at $167.02.
According to TipRanks.com, Malik is a top 25 analyst with an average return of
Nvidia has an analyst consensus of Strong Buy, with a price target consensus of $211.08, representing a 25.6% upside. In a report issued on August 28, Needham also initiated coverage with a Buy rating on the stock with a $200.00 price target.
Daqo New Energy (DQ)
Citi analyst Air Ma reiterated a Buy rating on Daqo New Energy today and set a price target of $37.00. The company’s shares closed last Friday at $29.21, close to its 52-week high of $30.85.
Ma has an average return of
According to TipRanks.com, Ma is ranked #4875 out of 10020 analysts.
Daqo New Energy has an analyst consensus of Strong Buy, with a price target consensus of $32.75, a 16.3% upside from current levels. In a report issued on August 27, HSBC also upgraded the stock to Buy with a $31.00 price target.
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