RBC Capital analyst Matthew Hedberg maintained a Buy rating on VMware (NYSE:VMW) on Friday, setting a price target of $190, which is approximately 31.32% above the present share price of $144.68.
Hedberg expects VMware to post earnings per share (EPS) of $1.03 for the first quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in VMware, with an average price target of $167.21.
The analysts price targets range from a high of $199 to a low of $145.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $2.86 billion and a net profit of $472 million. The company's market cap is $60.73 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 41.7% and a 80.69% success rate.
VMware, Inc. engages in the provision of cloud infrastructure and business mobility. Its products include Software-Defined Data Center, Hybrid Cloud Computing, and End-User Computing. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security. The company was founded by Diane Greene, Mendel Rosenblum, Scott Devine, Edward Wang and Edouard Bugnion in 1998 and is headquartered in Palo Alto, CA.