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.
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Source Fool.com
Broadcom Ltd. Stock
€140.92
2.460%
The stock is an absolute favorite of our community with 68 Buy predictions and no Sell predictions.
Based on the current price of 140.92 € the target price of 1384 € shows a potential of 882.12% for Broadcom Ltd. which would more than double the current price.
