Barclays Increases VMware Price Target to $106.00 (VMW)
Equities research analysts at Barclays raised their price objective on shares of VMware (NYSE:VMW) from $103.00 to $106.00 in a research note issued to investors on Tuesday, Analyst Ratings Net reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price points to a potential upside of 24.71% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Needham & Company reiterated a “buy” rating on shares of VMware in a research note to investors on Tuesday. They now have a $110.00 price target on the stock, up previously from $100.00. Separately, analysts at RBC Capital raised their price target on shares of VMware from $330.00 to $440.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of VMware from a “neutral” rating to an “overweight” rating in a research note to investors on Friday. They now have a $100.00 price target on the stock, up previously from $89.00. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $105.93.
VMware (NYSE:VMW) traded up 2.84% during mid-day trading on Tuesday, hitting $85.00. 10,305,699 shares of the company’s stock traded hands. VMware has a one year low of $64.86 and a one year high of $102.83. The stock has a 50-day moving average of $84.68 and a 200-day moving average of $76.40. The company has a market cap of $36.509 billion and a P/E ratio of 45.66. VMware also was the recipient of unusually large options trading on Monday. Stock investors purchased 21,122 call options on the company. This is an increase of 560% compared to the typical volume of 3,199 call options.
VMware (NYSE:VMW) last announced its earnings results on Monday, October 21st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that VMware will post $3.32 EPS for the current fiscal year.
VMware, Inc is the provider of virtualization infrastructure solutions utilized by organizations to help transform the way they build, deliver and consume information technology (NYSE:VMW) resources.
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