Morningstar, Inc.

VMware: We Like the Deal With Broadcom and Now See a Higher Probability of Closing

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VMware: We Like the Deal With Broadcom and Now See a Higher Probability of Closing

We raise our fair value estimate for VMware VMW to $180 per share from $161 and maintain our narrow moat, High Uncertainty, and standard capital allocation ratings. Our fair value estimate increase is purely due to raising our probability of the pending acquisition by Broadcom AVGO closing and VMware’s valuation under the half stock/half cash … Read more

Broadcom Earnings: AI Is Driving Growth and VMware Looks Closer to Completion

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Broadcom Earnings: AI Is Driving Growth and VMware Looks Closer to Completion

Broadcom Stock at a Glance Broadcom Earnings Update We have raised our fair value estimate for Broadcom AVGO to $815 per share from $790, as we raise our probability of the VMware VMW acquisition closing to 75%, from 50% previously. Our greatest concerns for the deal had been the U.K. and U.S. jurisdictions, and Broadcom … Read more