If You Invested $2,000 in Broadcom in 2016, This Is How Much You Would Have Today
On Feb. 1, 2016, the Singapore-based chipmaker Avago Technologies closed its acquisition of the American chipmaker (NASDAQ: AVGO) and inherited its name. The $37 billion merger was the largest chip deal in history.
If you had invested $2,000 in the "new" Broadcom on that fateful day, your investment would have grown to about $19,600 over the past eight years. If you had reinvested your dividends, your stake would have blossomed to about $25,000. Let's see how Broadcom generated those multibagger gains -- and if it still has room to run over the next few years.
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Source Fool.com
Broadcom Ltd. Stock
The stock is an absolute favorite of our community with 68 Buy predictions and no Sell predictions.
Based on the current price of 133.0 € the target price of 1384 € shows a potential of 940.6% for Broadcom Ltd. which would more than double the current price.