Mizuho lifted their target price on shares of VMware (NYSE:VMW) from $90.00 to $100.00 in a research note issued on Monday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Mizuho’s price objective suggests a potential upside of 17.91% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners raised their price target on shares of VMware (NYSE:VMW) to $85.00 in a research note to investors on Tuesday, August 27th. They now have an “equal weight” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “sell” rating on shares of VMware (NYSE:VMW) in a research note to investors on Tuesday, August 27th. They now have a $64.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of VMware (NYSE:VMW) in a research note to investors on Tuesday, August 27th. They now have a $106.00 price target on the stock, up previously from $100.00.
Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $92.25.
VMware (NYSE:VMW) opened at 84.81 on Monday. VMware has a 1-year low of $64.86 and a 1-year high of $103.02. The stock’s 50-day moving average is $82.95 and its 200-day moving average is $75.83. The company has a market cap of $36.427 billion and a P/E ratio of 46.86.
VMware (NYSE:VMW) last announced its earnings results on Tuesday, July 23rd. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts expect that VMware will post $3.32 EPS for the current fiscal year.
VMware, Inc is the provider of virtualization infrastructure solutions utilized by organizations to help transform the way they build, deliver and consume information technology (NYSE:VMW) resources.
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