In a report released today, Northland Securities’s Nehal Chokshi downgraded VMware (VMW – Research report) to Stopwith a target price of $ 169.00. The company’s stock closed at $ 155.49 last Wednesday, near the 52-week high of $ 161.95.
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 20.7% and a success rate of 62.1%. Chokshi covers the technology sector and focuses on stocks such as Super Micro Computer, Palo Alto Networks, and Avid Technology.
VMware has an analyst consensus from Moderate Buy with a target price consensus of $ 167.00, an uptrend of 7.9%. In a report released April 8, Merrill Lynch also initiated reporting with a hold rating on the stock with a price target of $ 175.00.
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The company has a year high of $ 161.95 and a year low of $ 121.78. Currently, VMware has an average volume of 1.28 million.
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