ISI Group reiterates its Buy rating on VMware (VMW +2.9%) with a $110 price target in light of...

|By:, SA News Editor

ISI Group reiterates its Buy rating on VMware (VMW +2.9%) with a $110 price target in light of its recent selloff. Investors worry that VMW's best growth has passed, as the company suggests server virtualization penetration rates are approaching ~50%. ISI believes the estimate is conservative and server virtualization growth will remain robust over the next 12-18 months.