In a report released yesterday, Gregg Moskowitz from Cowen & Co. maintained a Buy rating on VMware (VMW), with a price target of $180. The company’s shares closed yesterday at $167.34, close to its 52-week high of $168.42.
According to TipRanks.com, Moskowitz is a 5-star analyst with an average return of 18.5% and a 66.0% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Proofpoint Inc, Check Point, and FireEye Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for VMware with a $178.36 average price target, which is a 6.6% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $196 price target.
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Based on VMware’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $2.17 billion and net profit of $644 million. In comparison, last year the company earned revenue of $1.98 billion and had a net profit of $443 million.
Based on the recent corporate insider activity of 74 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.
