Is It Too Late to Buy Broadcom Stock?
Artificial intelligence (AI) supercharged the business of semiconductor chipmakers over the past year, and in turn, their stocks. (NASDAQ: AVGO) is among these AI beneficiaries as shares skyrocketed from a 52-week low of $79.51 a year ago to $185.16 in 2024.
Adding to this was the company's announcement of a 10-for-1 forward stock split, which sent shares soaring to a record high. After the split took place in July, Broadcom stock dipped a bit but stubbornly remains well above its low.
Given the dramatic rise in Broadcom shares over the past year, does this mean it's too late to buy the stock? Here's a look into the company to help you assess if there's still an upside opportunity for Broadcom over the long term.
Source Fool.com
Broadcom Ltd. Stock
€369.75
1.370%
With 82 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 404 € there is a slightly positive potential of 9.26% for Broadcom Ltd. compared to the current price of 369.75 €.
