New Buy Rating for VMware (VMW), the Technology Giant
In a report released today, Ittai Kidron from Oppenheimer maintained a Buy rating on VMware (VMW), with a price target of $175.00. The company’s shares closed last Wednesday at $133.61.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 42.3% and a 78.4% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Cambium Networks.
VMware has an analyst consensus of Moderate Buy, with a price target consensus of $172.00.
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The company has a one-year high of $163.17 and a one-year low of $86.00. Currently, VMware has an average volume of 1.21M.
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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. The company was founded by Diane Greene, Mendel Rosenblum, Scott Devine, Edward Wang and Edouard Bugnion in 1998 and is headquartered in Palo Alto, CA.