Mizuho Raises VMware to Buy (VMW)
VMware (NYSE: VMW) was upgraded by equities research analysts at Mizuho from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $107.00 price target on the stock, up from their previous price target of $104.00.
A number of other firms have also recently commented on VMW. Analysts at Citigroup (NYSE: C) raised their EPS on shares of VMware in a research note to investors on Thursday, April 19th. They now have a “sell” rating and a $90.00 price target on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of VMware in a research note to investors on Thursday, April 19th. They noted that the move was a valuation call. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of VMware from $115.00 to $125.00 in a research note to investors on Thursday, April 19th. They now have a “buy” rating on the stock.
VMware opened at 89.46 on Friday. VMware has a 1-year low of $74.69 and a 1-year high of $118.79. The company has a market cap of $38.221 billion and a price-to-earnings ratio of 48.91.
VMware last released its earnings data on Wednesday, April 18th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.07. VMware’s revenue was up 25.6% compared to the same quarter last year. Analysts expect that VMware will post $0.65 EPS next quarter.
VMware, Inc. is a provider of virtualization and virtualization-based cloud infrastructure solutions.