Why Broadcom Stock Jumped 15% in April
Shares of Broadcom (NASDAQ: AVGO) were bucking the broader trend in the market last month as a well-timed buyback announcement, generally positive analyst research, and a new product announcement lifted the stock.
According to data from S&P Global Market Intelligence, the stock finished the month up 15%.
As you can see from the chart below, Broadcom got a lift from the share buyback announcement at the beginning of the month and then tracked similarly to the S 500 for the duration of April but with greater upside.
Source Fool.com
Broadcom Ltd. Stock
€267.15
1.420%
With 82 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
On the other hand, the target price of 265 € is below the current price of 267.15 € for Broadcom Ltd., so the potential is actually -0.8%.
