Prediction: Broadcom Will Be a $3 Trillion Company by the End of 2030
Management's own revenue forecasts could carry the stock there without a richer earnings multiple.
Overview
Broadcom (NASDAQ:AVGO) is already one of the most valuable companies in the world, with a market value of about $1.7 trillion. Yet the stock trades near $357 as of this writing, about 28% below its 52-week high of $495.
The slide deepened after the company's Sept. 2 fiscal third-quarter report, even though the results were excellent.
Details
My prediction: Broadcom will be a $3 trillion company by the end of 2030. From about $1.7 trillion, that works out to about 76% upside over a little more than four years, or about 14% annualized.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.