Oppenheimer Upgrades VMware (VMW) to Outperform
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Price: $142.48 --0%
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Oppenheimer upgraded VMware (NYSE: VMW) to Outperform with a price target of $100.
The firm cited: 1) VMW's clear market leadership position in virtualization; 2) strong cash flows; 3) solid fundamentals; and 4) reasonable valuation.
"VMW is exposed to strong secular growth drivers, and is focused on high growth markets (Up 20% YoY), and management continues to deliver solid consistent execution," the analyst comments.
Given the recent pullback in the shares they view current levels as an attractive entry point for large cap investors seeking ~20% revenue growth rates.
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 $83.67 yesterday.
The firm cited: 1) VMW's clear market leadership position in virtualization; 2) strong cash flows; 3) solid fundamentals; and 4) reasonable valuation.
"VMW is exposed to strong secular growth drivers, and is focused on high growth markets (Up 20% YoY), and management continues to deliver solid consistent execution," the analyst comments.
Given the recent pullback in the shares they view current levels as an attractive entry point for large cap investors seeking ~20% revenue growth rates.
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 $83.67 yesterday.
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