MKM Partners Initiates Coverage Of VMware, Inc. (VMW) With Buy Rating
By Benzinga Staff
April 26, 2010 1:39 PM
April 26, 2010 1:39 PM
MKM Partners has initiated coverage for VMware, Inc. (NYSE: VMW) with Buy rating. The price target for VMware stock has been set at $80.
MKM Partners believes the company’s free cash flow is poised for significant growth over the next two years as a result of server shipment growth, greater workloads shipped on virtual machines, and a drastic increase in the virtualized server installed base.
The brokerage also believes that multiple future growth initiatives, including desktop virtualization, infrastructure management, platform-as-a-service, and private/public computing are all new, profitable and potentially substantial opportunities for VMware.
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