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Stock analysts at BMO Capital Markets lifted their price target on shares of VMware (NYSE:VMW) from $105.00 to $107.00 in a report issued on Wednesday, Stock Ratings Network reports. BMO Capital Markets’ price target would indicate a potential upside of 12.70% from the company’s current price.

VMW has been the subject of a number of other recent research reports. Analysts at Evercore Partners raised their price target on shares of VMware from $90.00 to $98.00 in a research note to investors on Wednesday. Separately, analysts at Global Equities Research raised their price target on shares of VMware to $120.00 in a research note to investors on Monday. Finally, 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, January 23rd. They now have an “overweight” rating on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. VMware presently has an average rating of “Buy” and a consensus price target of $98.59.

Shares of VMware (NYSE:VMW) opened at 94.94 on Wednesday. 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 $91.56 and a 200-day moving average of $84.38. The company has a market cap of $40.859 billion and a P/E ratio of 45.42. VMware also saw unusually large options trading activity on Tuesday. Investors purchased 16,536 call options on the company. This represents an increase of approximately 363% compared to the average daily volume of 3,573 call options.

VMware (NYSE:VMW) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.00 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.81 earnings per share. VMware’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that VMware will post $3.37 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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