Goldman Sachs Sees VMware (VMW) Posting Q4 Upside
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Rating Summary:
17 Buy, 36 Hold, 2 Sell
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Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
17 Buy, 36 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
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Goldman Sachs reiterated their Conviction Buy Lit-rating and $125 price target on VMware (NYSE: VMW) ahead of Q4 earnings after the close on 1/23.
The firm expects upside to license revenue and EPS and also sees upside to street bookings despite currency headwinds, saying deferred growth is being underestimated by the Street.
Goldman expects management to maintain a conservative license guidance stance for Q1.
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 $84.00 yesterday.
The firm expects upside to license revenue and EPS and also sees upside to street bookings despite currency headwinds, saying deferred growth is being underestimated by the Street.
Goldman expects management to maintain a conservative license guidance stance for Q1.
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 $84.00 yesterday.
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