Vmware (VMW) Receives Price Target

Vmware (VMW) : 19 investment research analysts covering Vmware (VMW) have an average price target of $74.37 for the near short term. The highest target price given by the Brokerage Firm to the stock is $92 and the lowest target is $61 for the short term. Analysts expect the variance to be within $8.43 of the average price.

Vmware (VMW) : The consensus on Vmware (VMW) based on 29 analyst recommendation on the company stock is 2.4, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 18 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Vmware (VMW).


Also, Citigroup downgrades their rating on the shares of Vmware (NYSE:VMW). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm lowers the price target to $79 per share from $99 per share. The rating by the firm was issued on July 26, 2016.

Vmware (NYSE:VMW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.46 and $73.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.78, notching a gain of 0.61% for the day. The total traded volume was 4,263,031 . The stock had closed at $73.33 on the previous day.

VMware, Inc. is a provider of virtualization infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). The Companys 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. The hybrid cloud computing enables customers to utilize off-premise vSphere-based hybrid cloud computing capacity. End-user computing enables information technology (IT) organizations to deliver secure access to data, applications and devices to end users.

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