1 Wall Street Analyst Thinks Broadcom Stock Is Going to $1,500. Is It a Buy Around $1,400?
(NASDAQ: AVGO) stock is on a tear in 2024, rising 28% in the year's first two months as investors search frantically for a way to invest in the artificial intelligence (AI) revolution ... without paying up for Nvidia's $2 trillion market capitalization.
At a market cap less than one-third of Nvidia's, and only half the price-to-sales ratio, investors may see Broadcom as a cheaper play on AI. One investor arguing like this is investment bank Oppenheimer, which on Friday raised its price target on Broadcom stock to a mind-boggling $1,500 per share.
Is Oppenheimer right?
Source Fool.com
Broadcom Ltd. Stock
€1,226.0
-3.510%
With 42 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1380 € there is a slightly positive potential of 12.56% for Broadcom Ltd. compared to the current price of 1226.0 €.
