Broadcom Will Execute Its 10-for-1 Stock Split on July 12. History Says the AI Semiconductor Stock Will Do This Next.
Broadcom (NASDAQ: AVGO) shares surged 106% during the past year as investors came to appreciate the role its custom silicon could play in powering artificial intelligence workloads.
The company will reset its share price with a 10-for-1 stock split on Friday, July 12, meaning shareholders of record will receive nine additional shares for each one they already own. The stock will begin trading on a split-adjusted basis on Monday, July 15.
Will Broadcom shares continuing soaring after the stock split? History says the answer is yes.
Source Fool.com
Broadcom Ltd. Stock
The stock is an absolute favorite of our community with 67 Buy predictions and no Sell predictions.
Based on the current price of 144.66 € the target price of 1384 € shows a potential of 856.73% for Broadcom Ltd. which would more than double the current price.