Forget the Stock Split -- These Are the 4 Reasons to Buy Broadcom's Stock Now
(NASDAQ: AVGO) recently announced a 10-for-1 stock split, which will take effect after the market closes on July 12. That upcoming split will reduce its trading price from about $1,700 (as of this writing) to $170. A split merely carves a single share into smaller slices, so Broadcom's underlying valuations will remain the same.
It also won't make its stock more affordable, since most brokerages already allow investors to purchase fractional shares. However, the split will make Broadcom's options cheaper to trade, since a single contract is tethered to 100 underlying shares, and it will make it easier for the company to pay out its stock-based compensation in smaller increments.
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Source Fool.com
Broadcom Ltd. Stock
€1,571.2
-2.970%
The stock is an absolute favorite of our community with 83 Buy predictions and no Sell predictions.
As a result the target price of 1750 € shows a slightly positive potential of 11.38% compared to the current price of 1571.2 € for Broadcom Ltd..
