Oppenheimer analyst Rick Schafer reiterated an Outperform rating and $315 price target on Broadcom (AVGO) following the company's Q3 earnings report on Thursday after the close. In addition to the quarterly beat and guidance that topped estimates, management provided color on its pending $18.9B CA (CA) deal, which marks a departure from Broadcom's prior semi-focused M&A. In a research note to investors, Schafer says he sees the financial rationale behind the accretive deal and believe CA's position in the mature mainframe segment, boasting healthy and predictable free cash flow, fits management's historical MO.

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.