My 2024 Price Targets for AVGO, AMZN, META and NVDA Were Reached/Exceeded as of December 6, 2024.

 

As of December 6, 2024, all four of my projected 2024 price targets were validated for AVGO, NVDA, META, and AMZN.  

The following peak price projections (image below) 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 AVGO hits $200/share or more before Dec 31st, 2024 which would be another 9.3% increase in share price. 


META surpassed my projection of a peak price of $625/sh on December 6, 2024.     

AMZN reached my peak 2024 price of $225/share also on December 6, 2024.

For NVDA, I predicted a peak price target of $1,000/sh which was well before the announced 10:1 stock split.  As of market close today, Nov 7th, NVDA was at $148/sh (or the equivalent of $1480 pre-split).  Admittedly, a novice could have predicted NVDA to blow past $1,000/share this year!


Regarding the stocks in this article, I own shares of META, AMZN, AVGO but not NVDA.  I do own the YieldMax ETF: NVDY which does options tracking NVDA, so I do have indirect exposure to NVDA. 

Best wishes to all investors.

Sources: 

Yahoo Finance

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