Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Broadcom Inc before investing.

In this article, we go over a few key elements for understanding Broadcom Inc’s stock price such as:

• Broadcom Inc’s current stock price and volume
• Why Broadcom Inc’s stock price changed recently
• Upgrades and downgrades for AVGO from analysts
• AVGO’s stock price momentum as measured by its relative strength

About Broadcom Inc (AVGO)

Before we jump into Broadcom Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Broadcom Inc. is a global technology company that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. The Company's semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides semiconductor solutions for managing the movement of data in data center, service provider and enterprise networking applications. Its infrastructure software segment includes its mainframe, distributed and cyber security solutions, and its fiber channel storage area networking (FC SAN) business. It provides a portfolio of software solutions that enables customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms. Its product portfolio serves markets, including cloud, data center, networking, broadband, wireless and enterprise software.

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Broadcom Inc’s Stock Price as of Market Close

As of September 10, 2024, 4:00 PM, CST, Broadcom Inc’s stock price was $148.21.

Broadcom Inc is up 5.25% from its previous closing price of $140.82.

During the last market session, Broadcom Inc’s stock traded between $134.90 and $141.59. Currently, there are 4,650.00 million shares of Broadcom Inc stock available for purchase.

Broadcom Inc’s price-earnings (P/E) ratio is currently at 114.2, which is high compared to the Semiconductors industry median of 26.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Broadcom Inc Stock Price History

Broadcom Inc’s (AVGO) price is currently down 8.97% so far this month.

During the month of September, Broadcom Inc’s stock price has reached a high of $160.74 and a low of $134.90.

Over the last year, Broadcom Inc has hit prices as high as $185.16 and as low as $79.51. Year to date, Broadcom Inc’s stock is up 165.07%.

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What Caused Broadcom Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 09, 2024, there were 8 analysts who downgraded Broadcom Inc’s stock and 14 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Broadcom Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Broadcom Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Broadcom Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Broadcom Inc (AVGO) by visiting AAII Stock Evaluator.

Relative Price Strength of Broadcom Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 09, 2024, Broadcom Inc has a weighted four-quarter relative price strength of 5.62%, which translates to a Momentum Score of 80 and is considered to be Strong.

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Broadcom Inc Stock Price: Bottom Line

As of September 10, 2024, Broadcom Inc’s stock price is $148.21, which is up 5.25% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Broadcom Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.