Analysts Have Conflicting Sentiments on These Technology Companies: VMware (NYSE: VMW) and Qorvo (NASDAQ: QRVO)

By Ryan Adsit

Analysts have been eager to weigh in on the Technology sector with new ratings on VMware (NYSE: VMW) and Qorvo (NASDAQ: QRVO).

VMware (NYSE: VMW)

VMware (NYSE: VMW) received a Hold rating from Merrill Lynch analyst Kash Rangan today. The company’s shares closed yesterday at $77.73, close to its 52-week high of $79.15.

According to TipRanks.com, Rangan is a 4-star analyst with an average return of 5.0% and a 57.3% success rate. Rangan covers the Technology sector, focusing on stocks such as Informatica Corp., Citrix Systems, and Microsoft Corp.

Currently, the analyst consensus on VMware is Moderate Buy and the average price target is $83.67, representing a 7.6% upside.

In a report issued on October 27, Robert W. Baird also reiterated a Hold rating on the stock.
Qorvo (NASDAQ: QRVO)

Qorvo (NASDAQ: QRVO) received a Sell rating from Merrill Lynch analyst Vivek Arya today. The company’s shares closed yesterday at $56.74.

According to TipRanks.com, Arya is a 5-star analyst with an average return of 11.2% and a 55.5% success rate. Arya covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Integrated Device Tech, and M/A-Com Technology.

Qorvo has an analyst consensus of Moderate Buy, with a price target consensus of $69.