Time to sell Broadcom
Time to sell Broadcom
Honestly, I think is way overpriced right now. Yeah, their projected growth is in the mid-20s for the next few years, but that’s pretty much the same story for a lot of big tech names.
Look at Meta, it pulls in almost 3x the revenue AVGO does, yet they’re sitting at about the same market cap. NVIDIA and AVGO even share a similar price-to-sales ratio, but NVIDIA is growing at over 100% while AVGO’s only around 20%.
For perspective, when Meta and Apple were at $60B in revenue, their market caps were in the $400 - 500B range. Meanwhile, AVGO is rocking a $1.5T market cap today.
I’ve seen some price targets floating around $350, but honestly the risk/reward over the next few years just doesn’t look that great anymore.
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