VMware Price Target Increased to $88.00 by Analysts at Susquehanna (VMW)
Stock analysts at Susquehanna upped their price objective on shares of VMware (NYSE:VMW) from $83.00 to $88.00 in a report issued on Wednesday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s target price points to a potential upside of 5.34% from the stock’s previous close.
VMware (NYSE:VMW) traded down 1.72% on Wednesday, hitting $83.54. The stock had a trading volume of 4,188,318 shares. VMware has a 52-week low of $64.86 and a 52-week 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 $36.006 billion and a price-to-earnings ratio of 41.46. VMware also was the target of unusually large options trading activity on Monday. Stock investors purchased 21,122 call options on the stock. This is an increase of approximately 560% compared to the typical daily volume of 3,199 call options.
VMware (NYSE:VMW) last released its earnings data 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 last year, the company posted $0.70 earnings per share. VMware’s revenue was up 13.7% compared to the same quarter last year. Analysts expect that VMware will post $3.32 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee raised their price target on shares of VMware from $85.00 to $90.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of VMware from $86.00 to $98.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of VMware from $95.00 to $105.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. VMware presently has an average rating of “Hold” and a consensus price target of $105.97.
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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