Will Broadcom Be a Trillion-Dollar Stock by 2030?
Many investors might think of (NASDAQ: AVGO) as a dusty slow-growth chipmaker like Texas Instruments. However, Broadcom has gone through several major transformations since its founding in 1991, and it has outperformed a lot of other tech stocks over the past eight years.
On Feb. 1, 2016, Singapore's Avago Technologies closed its acquisition of the original Broadcom and adopted the American chipmaker's name. Two years later, the "new" Broadcom moved its headquarters from Singapore back to America. Its stock has rallied more than 700% since that takeover as the S 500 has risen about 150%.
Broadcom is now worth $519 billion, but could it double its market cap by 2030 to become another trillion-dollar chipmaker like Nvidia?
Source Fool.com
Broadcom Ltd. Stock
€345.40
2.070%
With 86 Buy predictions and 1 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 383 € there is a slightly positive potential of 10.89% for Broadcom Ltd. compared to the current price of 345.4 €.
