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RBC Capital announced VMware (NYSE:VMW), bumping up its stock price target to $125.00 today

In a report released on 08/23/2017 RBC Capital increased the stock price target of VMware (NYSE:VMW) from $113.00 to $125.00 reporting a possible upside of 0.25%.

Previously on 08/22/2017, Deutsche Bank reported on VMware (NYSE:VMW) increased the target price from $110.00 to $120.00. At the time, this indicated a possible upside of 0.24%.

Just yesterday VMware (NYSE:VMW) traded 2.49% higher at $99.93. VMware’s 50-day moving average is $91.93 and its 200-day moving average is $91.69. The last closing price is up 8.43% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 1,392,172 shares of VMW traded hands, down from an average trading volume of 1,687,240

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With a total market value of $0, VMware has price-earnings ratio of 35.79 with a one year low of $71.42 and a one year high of $99.59 .

A total of 24 analysts have released a research note on VMware. Two analysts rating the company a strong buy, eight analysts rating the company a buy, twenty-three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $61.85.

More About VMware (NYSE:VMW)

VMware, Inc. is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC). The SDDC is designed to transform and modernize the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The Company provides many storage and availability products to offer data storage and protection options to all applications running on the vSphere platform.

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