Monness Reaffirms Their Hold Rating on VMware (VMW)


In a report released today, Brian White from Monness maintained a Hold rating on VMware (VMW). The company’s shares opened today at $154.60.

According to TipRanks.com, White is a top 100 analyst with an average return of 16.6% and a 62.2% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for VMware with a $172.90 average price target.

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VMware’s market cap is currently $62.13B and has a P/E ratio of 39.77. The company has a Price to Book ratio of 5.98.

Based on the recent corporate insider activity of 73 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.

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