VMware (VMW) Stock: Could It Hit $115?

By Amit Chowdhry ● May 19, 2022
  • The shares of VMware, Inc. (NYSE: VMW) have hit a price target of $115 from Mizuho. These are the details.

The shares of VMware, Inc. (NYSE: VMW) have hit a price target of $115 from Mizuho. And Mizuho Securities analyst Gregg Moskowitz is maintaining a “Neutral” rating on the shares.

Moskowitz adjusted the rating as Moskowitz is maintaining a “Neutral” rating on the shares. Plus Moskowitz noted that the selloff in software and the broader market has gotten even more severe in recent weeks.

The price targets were adjusted on several high-growth software vendors to reflect a greater degree of macro uncertainty. But recent channel checks indicate that overall software demand has remained good overall, especially with digital transformation and/or security projects.

It’s also worth mentioning that VMware plans to announce the fiscal year 2023 first-quarter financial results after market close on Thursday, May 26, 2022. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.