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
€231.50
-1.540%
The stock is an absolute favorite of our community with 78 Buy predictions and no Sell predictions.
As a result the target price of 246 € shows a slightly positive potential of 6.26% compared to the current price of 231.5 € for Broadcom Ltd..
