Piper Jaffray analyst Harsh Kumar left a conversation with Broadcom's (AVGO) CFO on Friday "extremely comfortable" in the company's acquisition of CA Technologies (CA). The analyst reaffirms his view that the acquisition "will prove to be one of the better acquisitions for the company." The CA deal may end up being one of Broadcom's best acquisitions over the last several years, Kumar tells investors in a research note. He feels his previous analysis of roughly $2.45 in earnings accretion might prove to be too conservative and that accretion could be more towards $3.57 per share. The analyst reiterates an Overweight rating on Broadcom with a $293 price target.

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom (AVGO) to $1,500 from $1,405 and keeps an Overweight rating on the shares after hosting management for meetings. Broadcom is one of the unique companies that has a comprehensive view of the semis industry while also capable of providing an "intimate look" at the artificial intelligence market via custom silicon, the analyst tells investors in a research note. The firm says management highlighted the company's inroads with the consumer-facing AI world, providing a differing viewpoint versus Nvidia's (NVDA) vision of the world - pointing to a two-part market of consumer and enterprise that could grow to a 50/50 split over time. Barclays came away from the meetings "with a valuable second opinion on the future of AI and a greater appreciation for the company's many ways to win."

Barclays analyst Tom O'Malley raised the firm's price target on Broadcom to $1,500 from $1,405 and keeps an Overweight rating on the shares. The analyst increased the price after hosting management for meetings.