The expected price for Broadcom Inc. (AVGO) stock on July 11, 2024, is $1,834.431. This price target is based on short-term forecasts from 28 analysts, with an average target representing a 10.76% increase from the last closing price of $1,380.031.
- Current Sentiment and Recent Performance: The sentiment for Broadcom stock is currently bullish, with a Fear & Greed Index indicating fear2. The stock has experienced a 14.30% rise to reach $1,579.98 per share by May 20, 20242.
- Long-Term Predictions: Over the next five years, the stock is predicted to increase significantly, with forecasts for 2025 at $1,945.90, 2026 at $2,648.35, 2027 at $3,604.40, 2028 at $4,905.57, and 2029 at $6,676.452. The 2030 forecast is even more ambitious at $9,086.612.
In conclusion, the expected price for Broadcom stock on July 11, 2024, is in line with the longer-term predictions, suggesting that the stock could continue its upward trend. However, investors should consider the high volatility and the fact that these are forecasts and not guarantees. It's important to conduct thorough research and consider multiple sources before making any investment decisions.
7/10/2024 10:46am
