Analysts Offer Insights on Technology Companies: Broadcom (AVGO) and Oracle (ORCL)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Broadcom (AVGO – Research Report) and Oracle (ORCL – Research Report) with bullish sentiments.
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Broadcom (AVGO)
DBS analyst Fang Boon Foo maintained a Buy rating on Broadcom today. The company's shares closed last Friday at $246.93, close to its 52-week high of $251.88.
According to TipRanks.com, Foo is a 5-star analyst with an average return of 32.7% and a 67.4% success rate. Foo covers the Technology sector, focusing on stocks such as Qualcomm, Marvell, and Nvidia. ;'>
Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $289.24, representing a 15.2% upside. In a report issued on May 28, Redburn Atlantic also initiated coverage with a Buy rating on the stock with a $301.00 price target.
Oracle (ORCL)
In a report released today, Brad Zelnick from Deutsche Bank maintained a Buy rating on Oracle, with a price target of $200.00. The company's shares closed last Friday at $174.02.
According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 10.9% and a 68.0% success rate. Zelnick covers the Technology sector, focusing on stocks such as CoreWeave, Inc. Class A, Palantir Technologies, and Palo Alto Networks. ;'>
Oracle has an analyst consensus of Moderate Buy, with a price target consensus of $177.48, which is a 2.0% upside from current levels. In a report issued on June 4, Guggenheim also maintained a Buy rating on the stock with a $220.00 price target.
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