In a report released today, Walter Pritchard from Citigroup maintained a Buy rating on VMware (VMW), with a price target of $201. The company’s shares closed on Friday at $178.20, close to its 52-week high of $183.41.
According to TipRanks.com, Pritchard is a 5-star analyst with an average return of 13.5% and a 71.1% success rate. Pritchard covers the Technology sector, focusing on stocks such as Pivotal Software Inc, Proofpoint Inc, and Check Point.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for VMware with a $183.06 average price target, representing a 2.7% upside. In a report issued on March 1, Merrill Lynch also reiterated a Buy rating on the stock with a $200 price target.
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The company has a one-year high of $183.41 and a one-year low of $94.62. Currently, VMware has an average volume of 1.54M.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.
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VMware, Inc. engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.
