Are Wall Street Analysts Predicting Broadcom Stock Will Climb or Sink?

With a market cap of $2 trillion, Broadcom Inc. (AVGO) is a leading global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions. Its products power applications across enterprise and data center networking, broadband access, smartphones, industrial systems, and cybersecurity.

Shares of the technology giant have outperformed the broader market over the past 52 weeks. AVGO stock has surged 38.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 21.6%. In addition, shares of the company are up 21.5% on a YTD basis, compared to SPX’s 13.2% gain.

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However, the chipmaker stock has lagged behind the State Street Technology Select Sector SPDR ETF’s (XLK) 41.3% return over the past 52 weeks and 29.6% YTD increase.