UPDATE: Goldman Sachs Raises PT on VMware to $130, Maintains Buy

Goldman Sachs reiterates its Buy rating on VMware

and raises its price target by $5 to $130 on good fourth quarter results. Goldman Sachs comments, "As a result of the cash flow beat, we see 2012 CFO rising. While we don't expect much movement in the consensus license forecast, we see Street total revenue and EPS as moving a tad higher. However, the big upside we do expect to see is in the Street bookings and cash flow forecasts. We are raising our bookings growth forecast to 21%, which compares to the Street at 16% prior to the print, while we are now forecasting CFO of $5.36 versus consensus prior to the call of $4.85." VMW closed at $86 a share yesterday.