VMware (VMW) Target Lifted to $120 at FBR Capital
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Price: $142.48 --0%
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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FBR Capital analyst Daniel Ives reiterated an Outperform rating on VMware (NYSE: VMW) and raised his price target from $115 to $120 saying the company is poised for a strong 2014.
Ives said, "Our recent checks on VMware, Inc. (VMW) have been incrementally positive, with feedback from customers, partners, and IT consultants indicating good demand in the virtualization space with healthy pipeline activity/deal flow so far in the March quarter. In particular, we have seen good deal flow in the field with software-defined datacenter (SDDC) initiatives front and center, and we continue to believe VMware is benefiting from a robust ELA renewal cycle. Furthermore, we believe the company continues to benefit from a broadening product set (vSOM, hybrid cloud, EUC, etc.) with increasing interest in key growth areas (e.g., software-defined networking), a positive dynamic as VMware looks to reaccelerate growth in 2014 and beyond."
For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.
Shares of VMware closed at $106.87 yesterday.
Ives said, "Our recent checks on VMware, Inc. (VMW) have been incrementally positive, with feedback from customers, partners, and IT consultants indicating good demand in the virtualization space with healthy pipeline activity/deal flow so far in the March quarter. In particular, we have seen good deal flow in the field with software-defined datacenter (SDDC) initiatives front and center, and we continue to believe VMware is benefiting from a robust ELA renewal cycle. Furthermore, we believe the company continues to benefit from a broadening product set (vSOM, hybrid cloud, EUC, etc.) with increasing interest in key growth areas (e.g., software-defined networking), a positive dynamic as VMware looks to reaccelerate growth in 2014 and beyond."
For an analyst ratings summary and ratings history on VMware click here. For more ratings news on VMware click here.
Shares of VMware closed at $106.87 yesterday.
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