VMware (VMW) Received its Third Buy in a Row

By Carrie Williams

After KeyBanc and Citigroup gave VMware (NYSE: VMW) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Keith Bachman maintained a Buy rating on VMware yesterday and set a price target of $170. The company’s shares closed yesterday at $148.88, close to its 52-week high of $151.80.

According to TipRanks.com, Bachman is a 5-star analyst with an average return of 14.2% and a 63.2% success rate. Bachman covers the Technology sector, focusing on stocks such as DXC Technology Company, Infosys Limited, and Salesforce.com.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for VMware with a $174.21 average price target, implying a 17.0% upside from current levels. In a report issued on January 4, KeyBanc also reiterated a Buy rating on the stock with a $172 price target.


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VMware’s market cap is currently $61.62B and has a P/E ratio of 41.75. The company has a Price to Book ratio of 5.59.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock.

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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.