Mizuho Raises Price Target on VMware (VMW) Posted by Kristian Gore on Aug 21st, 2012 // No Comments
VMware (NYSE: VMW) had its target price increased by Mizuho from $105.00 to $115.00 in a research note issued to investors on Tuesday. The firm currently has a buy rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an overweight rating on shares of VMware in a research note to investors on Thursday, August 9th. They now have a $130.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of VMware to $130.00 in a research note to investors on Tuesday, July 24th. Finally, analysts at Piper Jaffray cut their price target on shares of VMware from $125.00 to $112.00 in a research note to investors on Friday, July 20th.
Shares of VMware opened at 96.12 on Tuesday. VMware has a one year low of $74.69 and a one year high of $118.79. The company has a market cap of $40.992 billion and a P/E ratio of 54.61.
VMware last issued its quarterly earnings data on Monday, July 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts predict that VMware will post $2.70 earnings per share for the current fiscal year.
VMware, Inc. is a provider of virtualization and virtualization-based cloud infrastructure solutions.