Analysts Are Bullish on Top Technology Stocks: ON Semiconductor (ON), Broadcom (AVGO)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on ON Semiconductor (ON) and Broadcom (AVGO) with bullish sentiments.
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ON Semiconductor (ON)
Wells Fargo analyst Joseph Quatrochi maintained a Buy rating on ON Semiconductor on March 20 and set a price target of $72.00. The company’s shares closed last Monday at $61.40.
According to TipRanks.com, Quatrochi is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ON Semiconductor with a $67.88 average price target, implying an 11.6% upside from current levels. In a report issued on March 9, TipRanks – Google also upgraded the stock to Buy with a $63.00 price target.
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Broadcom (AVGO)
In a report released today, Vivek Arya from Bank of America Securities maintained a Buy rating on Broadcom. The company’s shares closed last Monday at $322.65.
According to TipRanks.com, Arya is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $468.33 average price target, which is a 47.3% upside from current levels. In a report issued on March 12, William Blair also reiterated a Buy rating on the stock.
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