If You Invested $5,000 in Broadcom In 2009, This Is How Much You Would Have Today
Broadcom (NASDAQ: AVGO) is one of the lesser-understood mega-caps in the semiconductor industry. As a B2B provider of semiconductors and enterprise software, it receives little exposure from the general public.
However, its success has taken its stock 5,100% higher since launching its IPO in 2009. And with demand for semiconductors and enterprise software increasing, it is likely to continue delivering significant returns for investors.
Broadcom launched its IPO at an opportune time. The company, then known as Avago Technologies, debuted almost a year after the global financial crisis when stocks had begun a recovery from one of the most notable declines in history.
Source Fool.com
Broadcom Ltd. Stock
€1,602.4
-0.890%
The stock is an absolute favorite of our community with 80 Buy predictions and no Sell predictions.
As a result the target price of 1752 € shows a slightly positive potential of 9.34% compared to the current price of 1602.4 € for Broadcom Ltd..
