VMware (VMW) Stock Forecast, Price Target & Predictions
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
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 01, 2023 | Keith Bachman | Loop Capital Markets | $160.00 | $164.53 | -2.75% | 12.30% |
| Aug 31, 2023 | Keith Bachman | BMO Capital | $140.00 | $168.54 | -16.94% | -1.74% |
| Aug 31, 2023 | Gregg Moskowitz | Mizuho Securities | $158.00 | $168.54 | -6.26% | 10.89% |
| Feb 07, 2023 | - | UBS | $147.00 | $121.34 | 21.15% | 3.17% |
| Nov 23, 2022 | Keith Bachman | BMO Capital | $142.50 | $119.78 | 18.97% | 0.01% |
| Nov 23, 2022 | Gregg Moskowitz | Mizuho Securities | $135.00 | $119.78 | 12.71% | -5.25% |
| May 31, 2022 | - | Deutsche Bank | $142.50 | $129.26 | 10.24% | 0.01% |
| May 27, 2022 | - | Raymond James | $149.00 | $124.36 | 19.81% | 4.58% |
| May 23, 2022 | - | Jefferies | $105.00 | $115.24 | -8.89% | -26.31% |
| May 23, 2022 | - | RBC Capital | $140.00 | $95.71 | 46.28% | -1.74% |
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
| 1M | 3M | 12M | |
|---|---|---|---|
| # 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 01, 2023 | BMO Capital | Perform | Perform | Hold |
| Aug 31, 2023 | Piper Sandler | Neutral | Neutral | Hold |
| Aug 31, 2023 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 31, 2023 | UBS | Neutral | Neutral | Hold |
| Mar 06, 2023 | BMO Capital | Market Perform | Market Perform | Hold |
| Feb 07, 2023 | UBS | Neutral | Neutral | Hold |
| Nov 23, 2022 | BMO Capital | Market Perform | Market Perform | Hold |
| Nov 23, 2022 | Raymond James | Market Perform | Market Perform | Hold |
| Nov 23, 2022 | KeyBanc | Sector Weight | Sector Weight | Hold |
| Aug 26, 2022 | Raymond James | Market Perform | Market Perform | Hold |
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 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | Nov 18 | Aug 18 | May 18 | Feb 18 | Nov 17 | Aug 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 |
| # Analysts | 7 | 7 | 12 | 6 | 6 | 3 | 15 | 9 | 18 | 20 | 14 | 6 | 7 | 11 | 7 | 13 | 13 | 7 | 7 | 9 | 8 | 6 | 10 | 6 | 7 | 13 | 7 | 7 | 7 | 9 |
| 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 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | Nov 18 | Aug 18 | May 18 | Feb 18 | Nov 17 | Aug 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 12 | 6 | 6 | 3 | 15 | 9 | 18 | 20 | 14 | 6 | 7 | 11 | 7 | 13 | 13 | 7 | 7 | 9 | 8 | 6 | 10 | 6 | 7 | 13 | 7 | 7 | 7 | 9 |
| 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 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | Nov 18 | Aug 18 | May 18 | Feb 18 | Nov 17 | Aug 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 12 | 6 | 6 | 3 | 15 | 9 | 18 | 20 | 14 | 6 | 7 | 11 | 7 | 13 | 13 | 7 | 7 | 9 | 8 | 6 | 10 | 6 | 7 | 13 | 7 | 7 | 7 | 9 |
| 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 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | Nov 18 | Aug 18 | May 18 | Feb 18 | Nov 17 | Aug 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 12 | 6 | 6 | 3 | 15 | 9 | 18 | 20 | 14 | 6 | 7 | 11 | 7 | 13 | 13 | 7 | 7 | 9 | 8 | 6 | 10 | 6 | 7 | 13 | 7 | 7 | 7 | 9 |
| 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 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | Nov 18 | Aug 18 | May 18 | Feb 18 | Nov 17 | Aug 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 7 | 12 | 6 | 6 | 3 | 15 | 9 | 18 | 20 | 14 | 6 | 7 | 11 | 7 | 13 | 13 | 7 | 7 | 9 | 8 | 6 | 10 | 6 | 7 | 13 | 7 | 7 | 7 | 9 |
| 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DAVA | Endava | $29.40 | $64.16 | 118.23% | Buy |
| PATH | UiPath | $12.27 | $25.53 | 108.07% | Hold |
| PAGS | PagSeguro Digital | $9.23 | $17.04 | 84.62% | Buy |
| ZS | Zscaler | $170.32 | $232.54 | 36.53% | Buy |
| MDB | MongoDB | $286.80 | $373.27 | 30.15% | Buy |
| NET | Cloudflare | $79.11 | $95.00 | 20.09% | Hold |
| CRWD | CrowdStrike | $268.72 | $322.56 | 20.04% | Buy |
| NTNX | Nutanix | $58.05 | $63.15 | 8.79% | Buy |
| VMW | VMware | $142.48 | $149.13 | 4.67% | Hold |
| NEWR | New Relic | $86.99 | $86.38 | -0.70% | Buy |
| BOX | Box | $33.43 | $32.75 | -2.03% | Buy |
| PANW | Palo Alto Networks | $337.93 | $312.48 | -7.53% | 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%