• VMware, Inc. (NYSE: VMW) shares have received a price target of $ 190 from Citi. Those are the details.

VMware, Inc. (NYSE: VMW) shares have received a price target of $ 190 from Citi. And Citi analyst Tyler Radke cut the target price to $ 177 while rating the company’s shares “Buy”.

Radke noted that the company’s third quarter was again led by a significant uptrend in on-premise / licenses, while subscription and software-as-a-service were slightly below expectations. And Radke believes the results won’t materially improve sentiment regarding the stock in the short term. According to Radke, however, VMware’s current rating appears undemanding.

Last week, VMware announced its financial results for the third quarter of fiscal year 2022. These are the highlights:

Revenue for the third quarter was $ 3.19 billion, an 11% increase over the third quarter of fiscal 2021.

– The combination of subscription and SaaS and license …



Source link

Leave a Reply