VMware (VMW) Gets a Buy Rating from KeyBanc


In a report released today, Alex Kurtz from KeyBanc maintained a Buy rating on VMware (VMW), with a price target of $172. The company’s shares closed yesterday at $130.67.

According to TipRanks.com, Kurtz is a 5-star analyst with an average return of 12.2% and a 58.6% success rate. Kurtz covers the Consumer Goods sector, focusing on stocks such as Pure Storage Inc, Arista Networks, and Cisco.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for VMware with a $176.25 average price target.

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The company has a one-year high of $140.60 and a one-year low of $90.10. Currently, VMware has an average volume of 1.45M.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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