Is Broadcom a Buy?
(NASDAQ: AVGO) doesn't get quite as much attention as artificial intelligence winner Nvidia, but it probably should.
Broadcom's stock exploded after its recent earnings on Dec. 12, based on forecasts for massive AI-related revenues over the next few years. But after its year-to-date gains of just over 100%, the company recently clearing the $1 trillion market cap milestone, and trading at 46 times its trailing adjusted EPS, is there still a buying opportunity in this stock?
In order to assess Broadcom's prospects in relation to its valuation, one has to dissect its product portfolio, which spans both semiconductor and software products.
Source Fool.com
Broadcom Ltd. Stock
€306.70
-11.700%
With 94 Buy predictions and 2 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 342 € there is a slightly positive potential of 11.51% for Broadcom Ltd. compared to the current price of 306.7 €.
