VMware Gets a Hold Rating from Berenberg Bank

By Ryan Adsit

Berenberg Bank analyst Josep Bori assigned a Hold rating to VMware (NYSE: VMW) on August 25 and set a price target of $94. The company’s shares opened today at $103.72, close to its 52-week high of $105.59.

According to TipRanks.com, Bori is a 3-star analyst with an average return of 8.5% and a 68.4% success rate. Bori covers the Technology sector, focusing on stocks such as Citrix Systems, Splunk Inc, and Teradata.

Currently, the analyst consensus on VMware is Moderate Buy and the average price target is $112.71, representing an 8.7% upside.

In a report issued on August 14, Mizuho Securities also maintained a Hold rating on the stock.

VMware’s market cap is currently $42.88B and has a P/E ratio of 32.93. The company has a book value ratio of 4.9869.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock.

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VMware, Inc. provides the development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. Its virtualization infrastructure solutions, which include a suite of products designed to deliver a software-defined data center, run on industry-standard desktop computers and servers and support a wide range of operating system and application environments, as well as networking and storage infrastructures. The company develops and markets its products and service offerings within three main product groups: software-defined data center, end-user computing and hybrid cloud computing. VMware was founded by Diane Greene, Mendel Rosenblum, Scott Devine, Edward Wang and Edouard Bugnion in 1998 and is headquartered in Palo Alto, CA.