Is It Too Late to Buy Broadcom Stock?
's (NASDAQ: AVGO) stock has surged 45% since the beginning of the year. The diversified chip and infrastructure software company impressed the market with its stable growth, a new multiyear deal with Apple (NASDAQ: AAPL), and the potential benefits from its planned takeover of cloud software giant VMware (NYSE: VMW).
But should investors still buy Broadcom after that massive rally, which outpaced the Philadelphia Semiconductor Index's 38% gain during the same period? Let's review Broadcom's business model, growth rates, and valuations to decide.
Image source: Getty Images.
Source Fool.com
Broadcom Ltd. Aktie
150,32 €
-0,70 %
Überwältigendes Buy-Interesse für Broadcom Ltd.: 68 Buy-Einschätzungen ohne eine einzige Sell-Einschätzung.
Mit einem Kursziel von 1384 € für Broadcom Ltd. zeigt sich ein beachtliches Wachstumspotenzial gegenüber dem aktuellen Kurs von 150.32 €.
