Analysts Offer Insights on Technology Companies: Facebook Inc (NASDAQ: FB) and VMware (NYSE: VMW)

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Facebook Inc (NASDAQ: FB) and VMware (NYSE: VMW) with bullish sentiments.

Facebook Inc (NASDAQ: FB)

Deutsche Bank analyst Lloyd Walmsley reiterated a Buy rating on Facebook Inc (NASDAQ: FB) today and set a price target of $225. The company’s shares opened today at $188.75, close to its 52-week high of $190.66.

According to TipRanks.com, Walmsley is a 5-star analyst with an average return of 16.7% and a 68.3% success rate. Walmsley covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Match Group Inc, and Alphabet Inc.

Currently, the analyst consensus on Facebook Inc is Strong Buy and the average price target is $218.41, representing a 15.7% upside.

In a report issued on January 16, Needham also reiterated a Buy rating on the stock with a $215 price target.
VMware (NYSE: VMW)

In a report released today, Karl Keirstead from Deutsche Bank reiterated a Buy rating on VMware (NYSE: VMW), with a price target of $175. The company’s shares opened today at $148.25.

According to TipRanks.com, Keirstead is a 5-star analyst with an average return of 12.8% and a 67.2% success rate. Keirstead covers the Technology sector, focusing on stocks such as CSG Systems International, Microstrategy Inc, and Informatica Corp.

Currently, the analyst consensus on VMware is Moderate Buy and the average price target is $141.93, representing a -4.3% downside.

In a report issued on January 17, RBC Capital also maintained a Buy rating on the stock with a $150 price target.

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