Market Overview

Credit Suisse Adds VMware to Focus List

Related VMW
Jefferies Initiates Coverage On Software Companies
Top 4 NYSE Stocks In The Technical & System Software Industry With The Lowest PEG Ratio
Old Tech is Cool Again Amid Frothy IPO Landscape (Fox Business)

On Wednesday, Credit Suisse added VMware (NYSE: VMW) to the U.S. focus list and maintained an Outperform rating and $130 price target.

The firm believes VMware “maintains a dominant competitive position in the server hypervisor market that [is] highly defensible.”

“Hypervisor is squarely positioned at the critical intersection of several inter-dependent domains: virtual machines, virtual networks, the physical network, and storage access,” said Credit Suisse.

Shares of VMware are up 3.1 percent to $107. Credit Suisse's $130 price target is 21 percent above current levels.

Latest Ratings for VMW

DateFirmActionFromTo
Dec 2014JefferiesMaintainsBuy
Dec 2014Piper JaffrayAssumesUnderweight
Nov 2014JefferiesInitiates Coverage onBuy

View More Analyst Ratings for VMW
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Analyst Ratings

 

Related Articles (VMW)

Around the Web, We're Loving...

Get Benzinga's Newsletters