VMware PT Raised to $114.00 at Jefferies Group (VMW)
Equities researchers at Jefferies Group raised their target price on shares of VMware (NYSE:VMW) from $102.00 to $114.00 in a research report issued on Friday, ARN reports. Jefferies Group’s price target would indicate a potential upside of 22.79% from the company’s current price.
VMW has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of VMware from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. Separately, analysts at Atlantic Securities initiated coverage on shares of VMware in a research note to investors on Monday, December 2nd. They set an “overweight” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of VMware from $83.00 to $88.00 in a research note to investors on Wednesday, October 23rd. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. VMware currently has an average rating of “Hold” and an average target price of $106.25.
VMware (NYSE:VMW) opened at 92.84 on Friday. VMware has a one year low of $64.86 and a one year high of $99.10. The stock’s 50-day moving average is $86.43 and its 200-day moving average is $81.61. The company has a market cap of $39.955 billion and a P/E ratio of 45.59.
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 $3.36 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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