VMware (VMW) Remains Best-in-Class - Analyst

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June 6, 2012 1:54 PM EDT
Get Alerts VMW Hot Sheet
Price: $142.48 --0%

Rating Summary:
    17 Buy, 36 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Analysts at Oppenheimer are optimistic about VMware (NYSE: VMW) despite a double-digit decline in the stock’s price over the past month. They believe the company’s technology remains best-in-class and it should stay that way as it makes sizable investments to maintain its lead.

Near term positives for the company include pending contract renewals, growth in its management solution software, and long term growth in the desktop virtualization market.

Oppenheimer has an Outperform rating on VMware (NYSE: VMW) with a price target of $125.00.

The price target represents a P/E multiple of 41x FY13 EPS estimate of $3.04.

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 $90.68 yesterday.

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