Goldman Sachs Bullish On EMC (EMC) Into Q1 Results
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Price: $37.05 -0.16%
Rating Summary:
13 Buy, 25 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 25 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs reiterated their Buy rating and $33 price target on EMC (NYSE: EMC) ahead of first quarter earnings on Thursday, April 19, before the market open.
The firm sees EMC meeting or beating their revenue and EPS estimates of $5.17 billion and $0.37 and exceeding the consensus of $5.12 billion and $0.36.
"While we expect the company to remain conservative on the macro outlook and HDD supply constraints, we believe conditions have improved markedly since EMC last provided guidance in January," the analyst said. "As a result, we continue to believe that EMC could exceed guidance and consensus as we progress through the year, and we expect the company to modestly raise its full year outlook."
For an analyst ratings summary and ratings history on EMC click here. For more ratings news on EMC click here.
Shares of EMC closed at $28.87 yesterday.
The firm sees EMC meeting or beating their revenue and EPS estimates of $5.17 billion and $0.37 and exceeding the consensus of $5.12 billion and $0.36.
"While we expect the company to remain conservative on the macro outlook and HDD supply constraints, we believe conditions have improved markedly since EMC last provided guidance in January," the analyst said. "As a result, we continue to believe that EMC could exceed guidance and consensus as we progress through the year, and we expect the company to modestly raise its full year outlook."
For an analyst ratings summary and ratings history on EMC click here. For more ratings news on EMC click here.
Shares of EMC closed at $28.87 yesterday.
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