VMware (VMW): New Buy Recommendation for This Technology Giant

By Jason Carr

In a report released today, Walter Pritchard from Citigroup maintained a Buy rating on VMware (VMWResearch Report), with a price target of $183. The company’s shares closed last Monday at $148.15.

According to TipRanks.com, Pritchard is a 5-star analyst with an average return of 12.2% and a 70.2% success rate. Pritchard covers the Technology sector, focusing on stocks such as Slack Technologies Inc, Nice-Systems, and DocuSign Inc.

Currently, the analyst consensus on VMware is a Moderate Buy with an average price target of $179.38, representing a 21.1% upside. In a report issued on August 15, Jefferies also maintained a Buy rating on the stock with a $213 price target.

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The company has a one-year high of $206.80 and a one-year low of $110.20. Currently, VMware has an average volume of 1.42M.

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VMware, Inc. engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security.