What is the ideal stock price to buy AVGO

The ideal stock price to buy Broadcom (AVGO) would be at a price point that reflects the company's strong financial performance, market position, and growth prospects. 1. **Analyst Price Targets**: The average analyst price target for AVGO is $1693.58, which suggests that analysts believe the stock has room to grow from its current price. 2. **Recent Performance**: Broadcom has reported fiscal third-quarter results that beat Wall Street expectations for revenue and earnings. The company's guidance for AI chip sales growth is also a positive indicator. 3. **Market Position and Innovation**: Broadcom's focus on AI and its position as a leading provider of semiconductor solutions and infrastructure software give it a strong market presence. The company's strategic investments in innovation, such as the acquisition of VMware, are likely to contribute to its future growth. 4. **Investor Sentiment**: The company has a strong buy rating from analysts, indicating that they believe the stock has the potential for significant outperformance. Considering these points, the ideal stock price to buy AVGO would be at or below the current analyst price targets, such as the $1693.58 average price target. This would provide a margin of safety while still allowing for potential growth based on the company's strong fundamentals and market position.