VMware (VMW) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VMware in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" VMW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VMW, but not buy additional shares or sell existing shares.
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4 Wall Street analysts have issued 1 year target prices for VMware's shares. Their VMW share price forecasts range from $134.00 to $182.00. On average, they anticipate the company's share price to reach $160.25 in the next twelve months. This suggests that the stock has a possible downside of 4.2%.
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VMware's stock was trading at $122.76 at the beginning of 2023. Since then, VMW shares have increased by 36.2% and is now trading at $167.23.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
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VMware, Inc. (NYSE:VMW) posted its earnings results on Thursday, August, 31st. The virtualization software provider reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.12. The virtualization software provider had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.45 billion. VMware had a net margin of 10.48% and a trailing twelve-month return on equity of 113.34%. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share.

ETFs with the largest weight of VMware (NYSE:VMW) stock in their portfolio include Direxion Daily Cloud Computing Bull 2x (CLDL), iShares Cybersecurity and Tech ETF (IHAK), Pacer Data and Digital Revolution ETF (TRFK), ERShares Entrepreneurs ETF (ENTR), Fidelity Cloud Computing ETF (FCLD), Capital Link Global Fintech Leaders ETF (KOIN), Direxion Work From Home ETF (WFH) and AltShares Event-Driven ET (EVNT).

2,988 employees have rated VMware Chief Executive Officer Pat Gelsinger on Glassdoor.com. Pat Gelsinger has an approval rating of 94% among the company's employees. This puts Pat Gelsinger in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other VMware investors own include NVIDIA (NVDA), Salesforce (CRM), Alibaba Group (BABA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Walt Disney (DIS), Netflix (NFLX), PayPal (PYPL), Adobe (ADBE) and Micron Technology (MU).

VMware trades on the New York Stock Exchange (NYSE) under the ticker symbol "VMW."

VMware's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (87.04%), BlackRock Inc. (4.02%), Barclays PLC (1.24%), State Street Corp (1.24%), Geode Capital Management LLC (0.53%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Amy Fliegelman Olli, Jean Pierre Brulard, Patrick P Gelsinger, Patrick P Gelsinger, Rajiv Ramaswami, Rangarajan (Raghu) Raghuram, Sanjay Poonen, Sumit Dhawan and Zane Rowe.
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Shares of VMW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VMW stock can currently be purchased for approximately $167.23.

VMware (NYSE:VMW) has a market capitalization of $72.21 billion and generates $13.35 billion in revenue each year. The virtualization software provider earns $1.31 billion in net income (profit) each year or $3.31 on an earnings per share basis.

The company employs 38,300 workers across the globe.

VMware's mailing address is 3401 HILLVIEW AVENUE, PALO ALTO CA, 94304. The official website for the company is www.vmware.com. The virtualization software provider can be reached via phone at (650) 427-5000, via email at ir@vmware.com, or via fax at 650-427-5001.