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VMW

VMware

$137.96

1.27 (0.93%)

17:16
01/23/18
01/23
17:16
01/23/18
17:16

Nomura starts VMware with Reduce rating, $108 price target

Nomura Instinet analyst Christopher Eberle started VMware with a Reduce rating and $108 price target. VMware closed the trading day up $1.27 to $137.96. The analyst believes sustainable sales growth will become "more challenging in the future" as the company's core legacy product growth slows and hybrid cloud/SaaS continue to represent just 9% of its total revenue. He sees a "significant disconnect between investor perception and reality."

VMW VMware
$137.96

1.27 (0.93%)

01/11/18
01/11/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Expedia (EXPE) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying he remains bullish on the company's room night supply and HomeAway ability driving faster long-term Room Night Growth, also adding that Expedia has a history of offering conservative guidance. 2. STMicroelectronics (STM) upgraded to Outperform from Neutral at Credit Suisse with analyst Achal Sultania saying that Apple (AAPL) front-end 3D opportunity can add another $450M-$500M of incremental sales over the next 2 years and expects EBIT contribution from advanced imaging business to improve. 3. American Eagle (AEO) upgraded to Buy from Neutral at Buckingham with analyst Kelly Halsor expecting solid momentum to be driven by strong demand for fashion apparel, particularly denim, continued upside at Aeeri, a gross margin inflection in the first half 2018 driven by merchandising margin improvement, and tax reform benefits. 4. VMware (VMW) upgraded to Outperform from Market Perform at Cowen with analyst Gregg Moskowitz saying strong data from his IT survey and recent channel checks increase his confidence in the company's ability to execute at a high level. 5. Zillow (Z, ZG) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Jonathan Lanterman noting that the stock's valuation has fallen to 2-year lows after underperforming in 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/17/18
RBCM
01/17/18
NO CHANGE
Target $150
RBCM
Outperform
VMware price target raised to $150 from $137 at RBC Capital
RBC Capital analyst Matt Hedberg raised his price target on VMWare to $150 and kept his Outperform rating, saying he "feels better" about his positive view on the company's hybrid and cross-cloud drivers. Hedberg contends that VMWare is an "under-owned name in large-cap software with several drivers and a reasonable free cash flow valuation". He continues to have a positive view on the benefits from "Act 1 of compute virtualization" and "Act 2 of network virtualization".
01/18/18
JEFF
01/18/18
NO CHANGE
JEFF
Jefferies sees more upside in Software stocks despite 'rich' valuations
Despite "rich" valuations, Software stocks have room for appreciation, Jefferies analyst John DiFucci tells investors in a research note. The analyst says "secular forces" are as positive as he's seen in nearly two decades of covering Software due to advances in foundational computing tech, while cyclical forces "are also on the upswing." Lower corporate tax rates will benefit some in the sector while repatriation may benefit all, DiFucci contends. The analyst's top picks for 2018 are Oracle (ORCL), Palo Alto Networks (PANW) and Apptio (APTI). He upgraded this morning Alarm.com (ALRM) and Nice (NICE) to Buy from Hold while downgrading Symantec (SYMC) to Underperform from Hold. The analyst also raised his price target for Buy-rated RingCentral (RNG) to $60 from $52, Buy-rated Splunk (SPLK) to $105 from $88 and Buy-rated VMware (VMW) to $165 from $140.
01/23/18
NOMU
01/23/18
INITIATION
Target $108
NOMU
Reduce
VMware initiated with a Reduce at Nomura Instinet
Nomura initiated VMware with a Reduce and $108 price target.

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SM

SM Energy

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ADNT

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Fiserv

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JWN

Nordstrom

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GS

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EEM

iShares MSCI Emerging Markets ETF

$41.12

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GNBT

Generex

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AAPL

Apple

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SPY

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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