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VMW

VMware

$120.11

0.69 (0.58%)

07:58
12/01/17
12/01
07:58
12/01/17
07:58

Technical View: VMware trades up following earnings, analyst actions

The stock was last up 2.2% to $122.75 in pre-market trading, following on yesterday's earnings report after market close. At current price next resistance is at the $125 area. Support is at the prior day closing price of $120.11. Jefferies upped its price target to $140. Barclays and Deutsche Bank both took their price targets up to $145. BMO Capital upgraded the stock to Outperform and raised its price target to $142. Drexel Hamilton by contrast downgraded the stock to Hold based on valuation concerns.

  • 04

    Dec

  • 04

    Dec

  • 06

    Dec

  • 11

    Dec

  • 17

    Jan

VMW VMware
$120.11

0.69 (0.58%)

12/01/17
DBAB
12/01/17
NO CHANGE
Target $145
DBAB
Buy
VMware price target raised to $145 from $120 at Deutsche Bank
Deutsche Bank analyst Karl Keirstead raised his price target for VMware to $145 citing last night's "strong" Q3 and guidance increase. The stock trades at just 13 times fiscal 2019 free cash flow, Keirstead tells investors in a research note. He believes perceived fears about Amazon Web Services and/or Dell risks are too high and that VMware's multiple can expand as they're overcome. The analyst reaffirms a Buy rating on the shares.
12/01/17
DRXL
12/01/17
DOWNGRADE
DRXL
Hold
VMware downgraded to Hold from Buy at Drexel Hamilton
Drexel Hamilton analyst Brian White downgraded VMWare to Hold citing valuation.
12/01/17
BMOC
12/01/17
UPGRADE
Target $142
BMOC
Outperform
VMware upgraded to Outperform at BMO Capital on faster computing growth
As reported earlier, BMO Capital analyst Keith Bachman upgraded VMware (VMW) to Outperform from Market Perform and raised his price target to $142 from $136. Bachman says the company is benefiting from improved on-premise spending trends, increasing his projections for the overall FY19 computing spend to grow 3% versus prior forecast of 1-2% decline. The analyst also says that management is being conservative in suggesting that the partnership with AWS (AMZN) would not generate returns for the next 2 years after attending AWS re:Invent this week.
12/01/17
DRXL
12/01/17
DOWNGRADE
DRXL
Hold
VMware downgraded to Hold on valuation at Drexel Hamilton
As previously reported, Drexel Hamilton analyst Brian White downgraded VMWare to Hold from Buy following the company's Q3 earnings report. While the company is showing excellent execution and offered a solid outlook for Q4, White sees a peaking profit and sales cycle and finds it harder to justify a Buy rating given the stock's outperformance over the past two years.

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Adobe

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-1.83 (-1.03%)

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FRC

First Republic

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Tesaro

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HCM

Hutchison China MediTech

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LNCE

Snyder's-Lance

$44.42

5.01 (12.71%)

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$48.56

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CSX

CSX

$57.31

-0.38 (-0.66%)

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ADBE

Adobe

$175.00

-1.83 (-1.03%)

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ADBE

Adobe

$175.00

-1.83 (-1.03%)

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SON

Sonoco Products

$53.13

-0.6 (-1.12%)

04:59
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Sonoco Products rating change  »

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SEE

Sealed Air

$48.03

-0.22 (-0.46%)

, AVY

Avery Dennison

$114.28

-0.09 (-0.08%)

04:58
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Upgrade
Sealed Air, Avery Dennison rating change  »

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SEE

Sealed Air

$48.03

-0.22 (-0.46%)

AVY

Avery Dennison

$114.28

-0.09 (-0.08%)

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HCLP

Hi-Crush Partners

$10.80

-0.1 (-0.92%)

04:55
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Initiation
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MET

MetLife

$52.49

-0.35 (-0.66%)

04:55
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MetLife to hold a conference call »

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FOX

21st Century Fox

$34.22

1.88 (5.81%)

, FOXA

21st Century Fox

$34.88

2.13 (6.50%)

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Conference/Events
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FOX

21st Century Fox

$34.22

1.88 (5.81%)

FOXA

21st Century Fox

$34.88

2.13 (6.50%)

DIS

Disney

$110.57

2.96 (2.75%)

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  • 15

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General news
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ADRNY

Ahold Delhaize

$21.69

-0.14 (-0.64%)

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Ahold Delhaize management to meet with JPMorgan »

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BASFY

BASF

$27.57

-0.17 (-0.61%)

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BASF management to meet with Jefferies »

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CUTR

Cutera

$47.20

-1.3 (-2.68%)

, TESO

Tesco

$3.70

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NBR

Nabors Industries

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RCKZF

Rocket Internet

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AGYS

Agilysys

$12.35

0.05 (0.41%)

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Conference/Events
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  • 15

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PJT

PJT Partners

$44.10

-0.24 (-0.54%)

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Conference/Events
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ROG

Rogers Corporation

$156.57

-1.57 (-0.99%)

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JAGX

Jaguar Health

$0.13

0.0068 (5.52%)

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