Why Broadcom Stock Jumped 15% in April
Shares of Broadcom (NASDAQ: AVGO) were bucking the broader trend in the market last month as a well-timed buyback announcement, generally positive analyst research, and a new product announcement lifted the stock.
According to data from S&P Global Market Intelligence, the stock finished the month up 15%.
As you can see from the chart below, Broadcom got a lift from the share buyback announcement at the beginning of the month and then tracked similarly to the S 500 for the duration of April but with greater upside.
Source Fool.com
Broadcom Ltd. Stock
€369.75
1.370%
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 404 € shows a slightly positive potential of 9.26% compared to the current price of 369.75 € for Broadcom Ltd..
