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Stifel announced VMware (NYSE:VMW), bumping up its stock price target to $109.00 today

In a report released on 6/21/2017 Stifel bumped up the target of VMware (NYSE:VMW) from $96.00 to $109.00 indicating a possible upside of 0.24%.

Boasting a price of $88.22, VMware (NYSE:VMW) traded -0.45% lower on the day. With the last stock price close down 17.67% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. VMware has recorded a 50-day average of $100.28 and a two hundred day average of $93.70. Volume of trade was down over the average, with 1,257,925 shares of VMW changing hands under the typical 1,574,260

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With a total market value of $0, VMware has price-earnings ratio of 39.69 with a one year low of $72.05 and a one year high of $111.61 .

A total of 24 equity analysts have released a ratings update on VMW. Two equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, twenty-three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $61.85.

Brief Synopsis 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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