Broadcom stock nabbed a price-target hike Thursday from a Wall Street analyst as it gains from the artificial intelligence trend.
On Thursday, Rosenblatt Securities raised its price target on Broadcom Inc. (NASDAQ: AVGO) to an impressive $2,400 from $1,650, while reiterating its “Buy” rating. This bullish adjustment by Rosenblatt is driven by Broadcom's strong performance and strategic positioning within the burgeoning AI sector, signaling potential growth that could interest any investor.
You don't have to dig deep to find relatively unknown stocks to outperform the stock market and generate impressive returns. Certain household names continue to win since the most established companies have larger customer bases and multiple ways to grow revenue and earnings.
Broadcom and Chipotle have been big winners so far this year. Both companies announced major stock splits that excited investors.
Chipmaker Broadcom will execute a 10-for-1 stock split after market close on Friday, July 12, meaning shareholders will receive nine additional shares. Since 1980, companies have seen their shares appreciate by an average of 25.4% during the 12-month period following a stock split announcement.
CNCB's Jim Cramer on Wednesday reviewed eight stocks that could join the coveted "trillion-dollar stock club," pinpointing Eli Lilly and Tesla as top contenders. Also on the list are Berkshire Hathaway, JPMorgan, Broadcom, Walmart, Visa and Exxon Mobil.
We're quickly approaching Broadcom's (NASDAQ: AVGO) upcoming stock split on July 12, and with this split, investor expectations are rightly improving.
Broadcom (NASDAQ: AVGO ) stock is up by about 60% year-to-date and is set to enact a 10-for-1 stock split on July 15. That caught the attention of New Jersey Representative Josh Gottheimer.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The main reason to buy Broadcom before its stock split is tied to the key reason the company is splitting its shares. One study could support investors' expectations that Broadcom's stock split will provide a catalyst.
Just last month, Broadcom announced plans for a 10-for-1 stock split, which kicks off later this week. History suggests the stock likely has additional upside.
The next big stock split is quickly approaching. Tech sector titan Broadcom (NASDAQ: AVGO ) is gearing up for a 10-for-1 stock split scheduled for July 12, 2024.