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AVGO Stock Forecast for 2022: Broadcom Inc. Is a Growth Stock Looking at Sustain Dividends

This AVGO Stock Forecast article was written by Opher Joseph – Financial Analyst, I Know First.

The stock is trading close to its 52-week high of $ 674.28 and there is good reason for optimism that it will attain new highs given its strong financials and positive business outlook.
Broadcom is amongst other 3 companies that are touted to join the current list of 6 companies to reach the $ 1 trillion market capitalization by 2035.
The company has announced that it will buy back $10 billion worth of shares from its shareholders in 2022.
The current Price to Book ratio is 11.16, which is considerably below its competitors' pricing.