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Analysts Offer Insights on Technology Companies: Broadcom (AVGO) and Rubrik, Inc. Class A (RBRK)

Tipranks - Thu Apr 16, 6:47AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Broadcom (AVGO) and Rubrik, Inc. Class A (RBRK) with bullish sentiments.

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Broadcom (AVGO)

Bernstein analyst Stacy Rasgon maintained a Buy rating on Broadcom yesterday and set a price target of $525.00. The company’s shares closed last Tuesday at $380.78.

According to TipRanks.com, Rasgon is a top 100 analyst with an average return of 32.1% and a 68.0% success rate. Rasgon covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Renesas Electronics, and NXP Semiconductors. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $465.55 average price target, implying a 23.2% upside from current levels. In a report issued on April 1, TipRanks – OpenAI also upgraded the stock to Buy with a $329.00 price target.

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Rubrik, Inc. Class A (RBRK)

Guggenheim analyst John Difucci maintained a Buy rating on Rubrik, Inc. Class A today and set a price target of $110.00. The company’s shares closed last Tuesday at $48.03.

According to TipRanks.com, Difucci is a 5-star analyst with an average return of 15.3% and a 59.9% success rate. Difucci covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, ARM Holdings PLC ADR, and CrowdStrike Holdings. ;'>

Currently, the analyst consensus on Rubrik, Inc. Class A is a Strong Buy with an average price target of $85.75, which is a 73.0% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $70.00 price target.

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