Why Investors Are Bullish About VMware Stock – Virtual Intelligence Briefing

Why Investors Are Bullish About VMware Stock

Investment firms are bullish about VMware’s stock in 2020 as the virtualization leader looks to double down heavily on security and container innovation as well as shift its business model toward subscription and Software as a Service.

Global investment firm Oppenheimer recently gave VMware an “outperform” rating with a price target of $200. “We see a compelling risk/reward scenario as we don’t believe recent strategic initiatives and model evolution have been factored into shares,” said Oppenheimer in a note.

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