Jefferies Says Avago Technologies (AVGO) Dips Good Buying Opportunity
Tweet Send to a FriendGet Alerts AVGO Hot Sheet
Price: $34.54 +0.29%
Rating Summary:
15 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 22
Rating Summary:
15 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 22
Trade AVGO Now!
Yesterday Avago Technologies (NASDAQ: AVGO) lowered revenue estimates but analysts at Jefferies think the company remains "one of the best plays on LTE phones".
"We expect AVGO to be the major beneficiary of FBAR filter growth as LTE phones that require FBAR filters ramp into the market over the next several years. We think this gives the company better visibility into growth than most semiconductor companies," said analyst Mark Lipacis.
Lipacis thinks the LTE FBAR TAM could expand to over $500 million annually within the next several years, and believes AVGO is best positioned to benefit.
Jefferies has a Buy rating on Avago Technologies (NASDAQ: AVGO) with a revised price target of $42.00 (from $43.00).
For an analyst ratings summary and ratings history on Avago Technologies click here. For more ratings news on Avago Technologies click here.
Shares of Avago Technologies closed at $35.10 yesterday, with a 52 week range of $27.39-$39.22.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"We expect AVGO to be the major beneficiary of FBAR filter growth as LTE phones that require FBAR filters ramp into the market over the next several years. We think this gives the company better visibility into growth than most semiconductor companies," said analyst Mark Lipacis.
Lipacis thinks the LTE FBAR TAM could expand to over $500 million annually within the next several years, and believes AVGO is best positioned to benefit.
Jefferies has a Buy rating on Avago Technologies (NASDAQ: AVGO) with a revised price target of $42.00 (from $43.00).
For an analyst ratings summary and ratings history on Avago Technologies click here. For more ratings news on Avago Technologies click here.
Shares of Avago Technologies closed at $35.10 yesterday, with a 52 week range of $27.39-$39.22.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- UPDATE: BTIG Starts ING U.S (VOYA) at Buy, Shares 'Significantly Undervalued'
- Actavis (ACT) Fairly Valued After Run-Up - Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
