RBC Capital analyst Matthew Hedberg maintained a Buy rating on VMware (NYSE:VMW) on Thursday, setting a price target of $180, which is approximately 9.69% above the present share price of $164.1.
Hedberg expects VMware to post earnings per share (EPS) of $1.88 for the second quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in VMware, with an average price target of $169.67.
The analysts price targets range from a high of $180 to a low of $150.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $3.29 billion and a net profit of $1 billion. The company's market cap is $68.8 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 28.9% and a 71.67% success rate.
VMware, Inc. is a software company from California which provides cloud infrastructure and business mobility. It supports modernizing data centers, integrating public clouds, empowering digital workspaces and transforming security. It generates revenues from license, subscription and SaaS [software as a service], and services. The company is a subsidiary of Dell Technologies (NYSE:DELL), Inc.