Monness analyst Brian White maintained a Hold rating on VMware (VMW) today. The company’s shares closed last Monday at $148.15.
According to TipRanks.com, White is a top 25 analyst with an average return of 25.7% and a 73.7% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
VMware has an analyst consensus of Moderate Buy, with a price target consensus of $186.86, representing a 25.4% upside. In a report issued on August 20, Morgan Stanley also reiterated a Hold rating on the stock with a $190 price target.
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Based on VMware’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.27 billion and net profit of $505 million. In comparison, last year the company earned revenue of $2.17 billion and had a net profit of $644 million.
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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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