Deutsche Bank disclosed VMware (NYSE:VMW), hiking its price target to $70.00 earlier today
- Updated: October 14, 2016
Having a price of $73.03, VMware (NYSE:VMW) traded 0.22% higher on the day. With the last close up 13.91% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. VMW has recorded a 50-day average of $73.52 and a two hundred day average of $64.25. Trade Volume was down over the average, with 913,985 shares of VMW changing hands under the typical 2,648,220
Reporting a potential downside of -0.04%, Deutsche Bank upped the price target of VMware (NYSE:VMW) to $70.00
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VMware has a 52 week low of $43.25 and a 52 week high of $79.80 with a P/E ratio of 29.49 The company’s market cap is currently $0.
In addition to Deutsche Bank reporting its stock price target, a total of 24 brokers have issued a report on the company. The average stock price target is $61.85 with 2 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 23 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About VMware (NYSE:VMW)
VMware, Inc. is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). Its compute virtualization includes offerings that allow organizations to manage Information technology (IT) resources across private clouds and complex multi-cloud, and multi-device environments. Its SDDC is designed to transform the data center into an on-demand service. Its cloud strategy has three components, which include continue to expand beyond compute virtualization in the private cloud, extend the private cloud into the public cloud, and connect and secure endpoints across a range of public clouds. Its End-User Computing portfolio enables IT organizations to deliver secure access to applications, data and devices for their end users.
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