Update on Peak Price Targets for AVGO, META, AMZN and NVDA (made on March 12, 2024)
The following peak price projections from myself came from March 12, 2024 . Since then, both AVGO and NVDA had 10:1 splits, so we will use the split adjusted prices for these. AVGO had a much more impressive surge than even I thought was possible after it's Q2 earnings report with the stock price reaching a high of $1,851/share in June. Given it was at $1,307/sh on March 12th, that is a 42% increase. I projected AVGO to reach at least $1,475/sh so I consider this a score although I was underdone in my expectations from this outperforming great company. At the market close today (November 7, 2024), AVGO closed at $183.81/share. Pre-split (10:1), it would have been $1,830/share. Either way, AVGO continues to be my favorite company in the S&P 500 and one of the best run businesses on the planet, hands-down. At $183.81/share, AVGO is likely overvalued so one would be paying a premium if they started buying shares right now. That said, I think...