Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of VMware, Inc. (NYSE: VMW) gained nearly 4 percent on Monday after analysts at Nomura upgraded the stock from Neutral to Buy, maintaining a price target of $95.
In a report issued Monday morning, they justified the promotion, saying that "sentiment on The Street may be overly negative," and therefore, any upside could work as a positive catalyst for improving sentiment.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Moreover, the research firm's recent quarterly re-seller survey suggested that business was likely a bit ahead of plan in the first quarter.
The analysts see the migration of workloads to the cloud as a risk for VMware. However, they also believe it could be an opportunity "to bridge over from existing data centers to new cloud-based workloads."
Their view has started to shift; they now see the market "evolving in a way that may be more positive overall. Separately, the upcoming end of life of Windows Server 2003 in July should be an incremental positive as these replacement servers are likely to be virtualized."
Despite the ameliorating panorama, Nomura recently lowered its estimates for the software coverage universe, seeking to better reflect FX headwinds derived from a stronger US Dollar.
The firm now projects EPS of $3.94 on revenue of $6.574 billion for 2015, and EPS of $4.44 on revenue of $7.318 billion for 2016.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.