RBC Capital analyst Matthew Hedberg on Friday maintained a buy rating on VMware (NYSE 🙂 and set a price target of $ 190, roughly 31.32% above its current share price of $ 144.68.

Hedberg expects VMware to achieve earnings per share (EPS) of $ 1.03 in the first quarter of 2021.

The current consensus among 17 TipRanks analysts is a moderate buy rating for VMware shares 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 most recent earnings report, which was released on October 31, 2020, the company had quarterly revenues of $ 2.86 billion and net income of $ 472 million. The company’s market capitalization is $ 60.73 billion.

According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently rated 5 stars on a 0 to 5 star ranking with an average return of 41.7% and a success rate of 80.69%.

VMware, Inc. is engaged in the delivery of cloud infrastructure and business mobility. Its products include …

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