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MKM Partners Initiates Coverage Of VMware, Inc. (VMW) With Buy Rating

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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.

Posted-In: MKM PartnersAnalyst Color Initiation Analyst Ratings

 

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