Broadcom Q3 Preview: Not A Wise Time To Initiate A Position
AVGOBroadcom(AVGO) Seeking Alpha·2024-08-28 20:25
shulz I last covered Broadcom (NASDAQ:AVGO) in June; I put out a Hold rating at the time, and since then, the stock has gained 20.5% in price. In my last analysis, I provided a mixture of a traditional discounted cash flow model and valuation multiple peer analysis, which both indicated that Broadcom could be overvalued. Despite this, the stock has continued to rise in price substantially, and in this analysis, I performed a more thorough valuation peer analysis and ascertained that the stock is slightl ...