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VMware (VMW) Stock Forecast, Price Target & Predictions

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VMW Stock Forecast

VMware stock forecast is as follows: an average price target of $149.13 (represents a 4.67% upside from VMW’s last price of $142.48) and a rating consensus of 'Hold', based on 11 wall street analysts offering a 1-year stock forecast.

VMW Price Target

The average price target for VMware (VMW) is $149.13 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $206.00 to $105.00. This represents a potential 4.67% upside from VMW's last price of $142.48.

VMW Analyst Ratings

Hold

According to 11 Wall Street analysts, VMware's rating consensus is 'Hold'. The analyst rating breakdown for VMW stock is 0 'Strong Buy' (0.00%), 4 'Buy' (36.36%), 7 'Hold' (63.64%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

VMware Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 01, 2023Keith BachmanLoop Capital Markets$160.00$164.53-2.75%12.30%
Aug 31, 2023Keith BachmanBMO Capital$140.00$168.54-16.94%-1.74%
Aug 31, 2023Gregg MoskowitzMizuho Securities$158.00$168.54-6.26%10.89%
Feb 07, 2023-UBS$147.00$121.3421.15%3.17%
Nov 23, 2022Keith BachmanBMO Capital$142.50$119.7818.97%0.01%
Nov 23, 2022Gregg MoskowitzMizuho Securities$135.00$119.7812.71%-5.25%
May 31, 2022-Deutsche Bank$142.50$129.2610.24%0.01%
May 27, 2022-Raymond James$149.00$124.3619.81%4.58%
May 23, 2022-Jefferies$105.00$115.24-8.89%-26.31%
May 23, 2022-RBC Capital$140.00$95.7146.28%-1.74%
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The latest VMware stock forecast, released on Sep 01, 2023 by Keith Bachman from Loop Capital Markets, set a price target of $160.00, which represents a -2.75% decrease from the stock price at the time of the forecast ($164.53), and a 12.30% increase from VMW last price ($142.48).

VMware Price Target by Period

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$142.48$142.48$142.48
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of VMware stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to VMware's last price of $142.48. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Sep 01, 2023BMO CapitalPerformPerformHold
Aug 31, 2023Piper SandlerNeutralNeutralHold
Aug 31, 2023BMO CapitalMarket PerformMarket PerformHold
Aug 31, 2023UBSNeutralNeutralHold
Mar 06, 2023BMO CapitalMarket PerformMarket PerformHold
Feb 07, 2023UBSNeutralNeutralHold
Nov 23, 2022BMO CapitalMarket PerformMarket PerformHold
Nov 23, 2022Raymond JamesMarket PerformMarket PerformHold
Nov 23, 2022KeyBancSector WeightSector WeightHold
Aug 26, 2022Raymond JamesMarket PerformMarket PerformHold
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VMware's last stock rating was published by BMO Capital on Sep 01, 2023. The company gave VMW a "Perform" rating, the same as its previous rate.

VMware Financial Forecast

VMware Revenue Forecast

Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19Aug 19May 19Feb 19Nov 18Aug 18May 18Feb 18Nov 17Aug 17
Revenue-----$3.41B$3.28B$3.71B----------$2.73B-$2.46B$2.44B$2.27B$2.59B$2.20B$2.17B$2.01B$2.31B$1.98B$1.90B
Avg Forecast$7.67B$6.82B$4.27B$3.81B$3.44B$3.46B$3.34B$3.63B$3.44B$3.19B$3.53B$3.53B$3.52B$3.12B$2.90B$3.23B$2.43B$2.30B$2.16B$3.86B$2.36B$2.55B$2.38B$2.46B$2.12B$2.10B$1.82B$2.15B$1.84B$1.87B
High Forecast$8.36B$7.43B$5.12B$3.91B$3.48B$3.77B$3.64B$3.96B$4.12B$3.83B$4.23B$3.84B$3.84B$3.40B$3.16B$3.52B$2.64B$2.51B$2.35B$4.21B$2.57B$2.78B$2.59B$2.68B$2.31B$2.29B$1.98B$2.34B$2.00B$2.04B
Low Forecast$6.93B$6.16B$3.41B$3.72B$3.40B$3.12B$3.02B$3.28B$2.75B$2.55B$2.82B$3.19B$3.18B$2.82B$2.62B$2.92B$2.19B$2.08B$1.95B$3.49B$2.13B$2.30B$2.15B$2.22B$1.91B$1.90B$1.64B$1.94B$1.66B$1.69B
# Analysts7712663159182014671171313779861067137779
Surprise %-----0.99%0.98%1.02%----------1.27%-1.04%0.96%0.95%1.05%1.04%1.03%1.11%1.08%1.08%1.02%

VMware's average Quarter revenue forecast for Nov 23 based on 6 analysts is $3.44B, with a low forecast of $3.40B, and a high forecast of $3.48B. VMW's average Quarter revenue forecast represents a 0.94% increase compared to the company's last Quarter revenue of $3.41B (Aug 23).

VMware EBITDA Forecast

Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19Aug 19May 19Feb 19Nov 18Aug 18May 18Feb 18Nov 17Aug 17
# Analysts7712663159182014671171313779861067137779
EBITDA-----$902.00M$640.00M$901.00M----------$660.00M-$884.00M$199.00M$734.00M$796.00M$479.00M$901.00M$1.32B$755.00M$546.00M$505.00M
Avg Forecast$2.21B$1.97B$1.57B$860.51M$831.16M$974.05M$1.43B$782.28M$755.60M$885.50M$1.30B$711.16M$686.91M$805.00M$1.18B$734.54M$602.88M$664.20M$698.61M$1.11B$679.76M$735.31M$685.14M$709.47M$610.05M$606.60M$761.70M$545.20M$476.82M$538.43M
High Forecast$2.41B$2.14B$1.89B$1.03B$997.40M$1.17B$1.72B$938.74M$906.72M$1.06B$1.56B$853.40M$824.30M$966.00M$1.42B$881.45M$723.46M$724.00M$838.33M$1.21B$740.95M$801.51M$746.81M$773.34M$664.96M$661.20M$914.04M$654.24M$572.18M$586.90M
Low Forecast$2.00B$1.78B$1.26B$688.41M$664.93M$779.24M$1.14B$625.82M$604.48M$708.40M$1.04B$568.93M$549.53M$644.00M$944.82M$587.63M$482.31M$600.16M$558.89M$1.01B$614.22M$664.42M$619.08M$641.07M$551.23M$548.11M$609.36M$436.16M$381.45M$486.52M
Surprise %-----0.93%0.45%1.15%----------0.94%-1.30%0.27%1.07%1.12%0.79%1.49%1.73%1.38%1.15%0.94%

6 analysts predict VMW's average Quarter EBITDA for Nov 23 to be $831.16M, with a high of $997.40M and a low of $664.93M. This is -7.85% lower than VMware's previous annual EBITDA (Aug 23) of $902.00M.

VMware Net Income Forecast

Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19Aug 19May 19Feb 19Nov 18Aug 18May 18Feb 18Nov 17Aug 17
# Analysts7712663159182014671171313779861067137779
Net Income-----$477.00M$224.00M$494.00M----------$386.00M-$621.00M$4.93B$505.00M$502.00M$334.00M$644.00M$942.00M$-440.00M$443.00M$334.00M
Avg Forecast$669.11M$582.80M$1.20B$421.78M$424.89M$514.25M$1.09B$383.43M$386.26M$467.50M$990.58M$348.58M$351.15M$425.00M$729.26M$367.69M$336.02M$629.43M$380.96M$937.63M$616.41M$672.84M$551.29M$811.75M$651.14M$646.79M$-422.74M$418.58M$322.38M$499.20M
High Forecast$705.77M$614.74M$1.44B$506.13M$509.86M$617.10M$1.31B$460.12M$463.51M$561.00M$1.19B$418.29M$421.37M$510.00M$875.12M$441.23M$403.22M$663.92M$457.16M$989.01M$650.18M$709.71M$581.50M$856.23M$686.81M$682.23M$-338.19M$502.30M$386.86M$526.56M
Low Forecast$606.48M$528.25M$958.88M$337.42M$339.91M$411.40M$871.71M$306.75M$309.01M$374.00M$792.46M$278.86M$280.92M$340.00M$583.41M$294.16M$268.82M$570.51M$304.77M$849.87M$558.71M$609.86M$499.69M$735.76M$590.18M$586.25M$-507.29M$334.87M$257.91M$452.47M
Surprise %-----0.93%0.21%1.29%----------1.01%-1.01%7.32%0.92%0.62%0.51%1.00%-2.23%-1.05%1.37%0.67%

VMware's average Quarter net income forecast for Nov 23 is $424.89M, with a range of $339.91M to $509.86M. VMW's average Quarter net income forecast represents a -10.93% decrease compared to the company's last Quarter net income of $477.00M (Aug 23).

VMware SG&A Forecast

Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19Aug 19May 19Feb 19Nov 18Aug 18May 18Feb 18Nov 17Aug 17
# Analysts7712663159182014671171313779861067137779
SG&A-----$1.39B$1.48B$1.40B----------$1.16B-$1.06B$997.00M$966.00M$1.04B$885.00M$878.00M$875.00M$899.00M$782.00M$828.00M
Avg Forecast$3.16B$2.81B$3.00B$1.41B$1.32B$1.45B$2.73B$1.28B$1.20B$1.31B$2.48B$1.16B$1.09B$1.20B$901.67M$211.81M$882.52M$950.62M$2.05B$1.59B$972.87M$1.05B$980.57M$1.02B$873.11M$868.17M$865.70M$738.90M$799.20M$770.61M
High Forecast$3.45B$3.07B$3.60B$1.69B$1.59B$1.74B$3.27B$1.53B$1.44B$1.58B$2.97B$1.39B$1.31B$1.43B$1.08B$254.17M$1.06B$1.04B$2.46B$1.74B$1.06B$1.15B$1.07B$1.11B$951.71M$946.32M$1.04B$886.68M$959.04M$839.98M
Low Forecast$2.86B$2.54B$2.40B$1.13B$1.06B$1.16B$2.18B$1.02B$961.61M$1.05B$1.98B$929.77M$874.19M$956.00M$721.33M$169.44M$706.02M$858.96M$1.64B$1.44B$879.07M$950.92M$886.03M$917.50M$788.93M$784.46M$692.56M$591.12M$639.36M$696.31M
Surprise %-----0.96%0.54%1.10%----------0.57%-1.09%0.95%0.99%1.03%1.01%1.01%1.01%1.22%0.98%1.07%

VMware's average Quarter SG&A projection for Nov 23 is $1.32B, based on 6 Wall Street analysts, with a range of $1.06B to $1.59B. The forecast indicates a -4.67% fall compared to VMW last annual SG&A of $1.39B (Aug 23).

VMware EPS Forecast

Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19Aug 19May 19Feb 19Nov 18Aug 18May 18Feb 18Nov 17Aug 17
# Analysts7712663159182014671171313779861067137779
EPS-----$1.11$0.52$1.16----------$0.92-$0.98$12.72$0.91$-0.66$0.82$1.58$2.33$-0.96$0.97$0.99
Avg Forecast$1.54$1.34$1.58$2.24$1.79$1.66$1.57$1.98$1.60$1.61$1.57$1.97$1.54$1.62$1.74$2.05$1.43$1.45$1.19$2.16$1.42$1.55$1.27$1.87$1.50$1.49$1.14$1.63$1.27$1.15
High Forecast$1.63$1.42$1.66$2.31$1.79$1.75$1.66$2.09$1.69$1.70$1.66$2.08$1.62$1.71$1.84$2.16$1.51$1.53$1.26$2.28$1.50$1.63$1.34$1.97$1.58$1.57$1.20$1.72$1.34$1.21
Low Forecast$1.40$1.22$1.43$1.95$1.69$1.50$1.42$1.79$1.45$1.46$1.42$1.79$1.40$1.47$1.58$1.86$1.30$1.31$1.08$1.96$1.29$1.40$1.15$1.69$1.36$1.35$1.03$1.48$1.15$1.04
Surprise %-----0.67%0.33%0.59%----------0.77%-0.69%8.21%0.72%-0.35%0.55%1.06%2.04%-0.59%0.76%0.86%

According to 6 Wall Street analysts, VMware's projected average Quarter EPS for Nov 23 is $1.79, with a low estimate of $1.69 and a high estimate of $1.79. This represents a 61.26% increase compared to VMW previous annual EPS of $1.11 (Aug 23).

VMware Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PAGSPagSeguro Digital$7.56$16.81122.35%Buy
DAVAEndava$26.15$56.30115.30%Buy
PATHUiPath$12.76$25.4399.29%Hold
MDBMongoDB$289.15$373.2729.09%Buy
ZSZscaler$204.36$233.4114.22%Buy
VMWVMware$142.48$149.134.67%Hold
NEWRNew Relic$86.99$86.38-0.70%Buy
NETCloudflare$96.37$95.45-0.95%Hold
BOXBox$33.15$32.75-1.21%Buy
NTNXNutanix$68.44$63.23-7.61%Buy
CRWDCrowdStrike$353.29$321.14-9.10%Buy
PANWPalo Alto Networks$388.06$323.26-16.70%Buy

VMW Forecast FAQ

Is VMware a good buy?

No, according to 11 Wall Street analysts, VMware (VMW) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 36.36% of VMW's total ratings.

What is VMW's price target?

VMware (VMW) average price target is $149.13 with a range of $105 to $206, implying a 4.67% from its last price of $142.48. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will VMware stock go up soon?

According to Wall Street analysts' prediction for VMW stock, the company can go up by 4.67% (from the last price of $142.48 to the average price target of $149.13), up by 44.58% based on the highest stock price target, and down by -26.31% based on the lowest stock price target.

Can VMware stock reach $200?

VMW's highest twelve months analyst stock price target of $206 supports the claim that VMware can reach $200 in the near future.

What are VMware's analysts' financial forecasts?

VMW's analysts financial forecasts for the fiscal year (Feb 2024) are as follows: average revenue is $14.04B (high $14.79B, low $13.26B), average EBITDA is $4.1B (high $4.92B, low $3.28B), average net income is $2.45B (high $2.94B, low $1.96B), average SG&A $6.9B (high $8.28B, low $5.52B), and average EPS is $7.26 (high $7.51, low $6.57).

Did the VMW's actual financial results beat the analysts' financial forecasts?

Based on VMware's last annual report (Feb 2023), the company's revenue was $13.35B, which missed the average analysts forecast of $13.78B by -3.15%. Apple's EBITDA was $3.27B, missing the average prediction of $3.72B by -12.10%. The company's net income was $1.31B, missing the average estimation of $2.23B by -41.02%. Apple's SG&A was $5.52B, missing the average forecast of $6.27B by -11.99%. Lastly, the company's EPS was $3.11, missing the average prediction of $6.76 by -53.99%. In terms of the last quarterly report (Aug 2023), VMware's revenue was $3.41B, missing the average analysts' forecast of $3.46B by -1.37%. The company's EBITDA was $902M, missing the average prediction of $974.05M by -7.40%. VMware's net income was $477M, missing the average estimation of $514.25M by -7.24%. The company's SG&A was $1.39B, missing the average forecast of $1.45B by -4.08%. Lastly, the company's EPS was $1.11, missing the average prediction of $1.66 by -33.13%