VMware price target raised to $126 from $97 at Sterne Agee Sterne Agee raised its price target on VMware as the firm is more confident in the company's strategy after conducting checks. Sterne expects the company's licensing fee growth to be over 15% for the next several years. It keeps a Buy rating on the shares.
VMware upgraded to Buy from Neutral at Nomura Nomura upgraded VMware to Buy with a $95 price target following favorable survey results. The firm's Q1 survey came in slightly ahead of plan and believes the Street is too cautious on shares, which could serve as a positive catalyst for shares. Separately, Nomura said the upcoming end of Windows Server 2003 in July could be an incremental catalyst as replacement servers will likely be virtualized.