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Global Equities Research boosted their target price on shares of VMware (NYSE:VMW) to $120.00 in a research note issued on Monday, Stock Ratings News reports. Global Equities Research’s price objective would suggest a potential upside of 26.40% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of VMware from $106.00 to $112.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of VMware from $110.00 to $120.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of VMware from $100.00 to $110.00 in a research note to investors on Tuesday, January 21st. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $97.86.

Shares of VMware (NYSE:VMW) traded down 2.08% during mid-day trading on Monday, hitting $92.9699. 1,444,528 shares of the company’s stock traded hands. VMware has a 52-week low of $64.86 and a 52-week high of $101.52. The stock has a 50-day moving average of $91.13 and a 200-day moving average of $83.79. The company has a market cap of $40.011 billion and a price-to-earnings ratio of 46.31.

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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