- Maxim Group reiterates a Hold rating and raises its VMware (NYSE:VMW) price target from $123 to $134, a 13% to yesterday’s close.
- Firm cites the lower tax rate, strong license revenue results, and revenue growth that management normalized up to 10% Y/Y, well above consensus guidance.
- Source: Briefing.com.
- VMware shares are up 0.2% to $118.48.