Company/Stock Description = Produces semiconductors and infrastructure software.
Current Price = $1658.63 (Split of 10 to 1 upcoming on July 15, 2024))
Number of Earnings Beats in the past 4 Quarters = All Four
One Year Return = 94.86%
Five Year Return = 598.30%
Industry Health and Future = .With AI as its main growth driver, Broadcom still has room to head north despite its massive rise over the past 5 years.
Trailing PE Ratio = 71.36
Forward PE Ratio = 35.21
Great Business Feature = Diversified juggernaut that is greatly positioned for massive growth from AI due to many broad acquistions such as Brocade (one of my favorite storage companies back in 2000 when writing for Wall Street City) for storage and Symantec for cyber security.
Verdict and Price Target = In my opinion, Broadcom is a strong buy right now and should be in the Mag 7 instead of Tesla. This company continues to grow by itself and with M&A activity. Since the stock will split soon, looking for shares to eclipse 200 per share some time in 2024.