Following its in-line fiscal Q4 results, JPMorgan analyst Harlan Sur believes Nvidia is setup well for a "strong recovery" in fiscal 2020 and beyond. The company's secular drivers in Gaming, Datacenter and Auto are unchanged, Sur tells investors in a post-earnings research note. The analyst introduced 2020 and 2020 estimates, which he says reflect a return to "solid" year-over-year revenue and earnings growth. Sur boosted his price target for Nvidia to $205 from $200 and keeps an Overweight rating on the shares.

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."

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here