VMware (NYSE:VMW) Rating Reaffirmed
VMware (NYSE:VMW) just had their share rating of a ‘Buy’ issued by research analysts at MKM Partners, who now has a $75 target price per share on the $25.96 billion market cap company or a 21.63% upside potential. This key information was unveiled in a recent report on 2 December.
From a total of 29 analysts covering VMware Inc (NYSE:VMW) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 24 a ”Hold”. This means that 34% of the ratings are positive. The highest target price is $100 while the lowest target price is $60. The mean of all analyst targets is $76.03 with a 32.99% above today’s ($61.66) stock price. VMware Inc was the topic of 43 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Drexel Hamilton upgraded shares on October 27 to “Buy” rating. Mizuho maintained shares with “Neutral” rating and $60 target share price in a report from an October 21. Bank of America downgraded VMW stock in a recent report from October 21 to “Neutral” rating. Macquarie Research downgraded the rating on October 21. Macquarie Research has a “Neutral” rating and a $70 price target on shares. Finally, Oppenheimer maintained the stock with “Outperform” rating in a report issued on an October 21.
Approximately 465,406 shares of stock traded hands. VMware, Inc. (NYSE:VMW) has declined 30.22% since April 29, 2015 and is downtrending. It has underperformed by 30.02% the S&P500.
VMware, Inc. is a provider of virtualization infrastructure solutions. The company has a market cap of $25.96 billion. The Firm develops and markets its product and service offerings within three product groups, which include software-defined data center , hybrid cloud computing and end-user computing (EUC). It has 27.84 P/E ratio. The Company’s SDDC is designed to transform the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware.
According to Zacks Investment Research, “VMware provides virtualization solutions from the desktop to the data center. Their solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed, increasing hardware utilization and reducing spending. They have expanded their offering with virtual infrastructure automation and management products to address distributed and heterogeneous infrastructure challenges such as system recoverability and reliability, backup and recovery, resource provisioning and management, capacity and performance management and desktop security. They derive a significant majority of their revenues from their indirect sales channel that include distributors, resellers, x86 system vendors and systems integrators.” Get a free copy of the Zacks research report on VMware, Inc. (VMW).