Shares in VMware (VMW) are up 0.6% over the past four weeks, closing their most recent trading session at $ 117.48, but the stock could still remain a solid uptrend if Wall Street analysts’ near-term price targets indicate it are. Measured against price targets, the average estimate of $ 153.38 indicates a potential upside of 30.6%.

The average estimate includes 16 short-term price targets with a standard deviation of $ 13.97. While the lowest estimate of $ 130 indicates a 10.7% increase from current price levels, the most optimistic analyst expects the stock to rise 50.7% to $ 177. It is very important to note the standard deviation here as it helps to understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and impartiality of analysts in setting price targets have long been questionable. And investors who make investment decisions …

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