And this I got to hear from a friend who spends time predicting stock prices. And no he's not working for "The Motley Fool". And he also is a lot more positive about the VMW stock than Egbert's.
However, “This is not going to be like Google (GOOG) right after its IPO,” she cautions, referring to constant upward revisions in price targets by analysts: she intends to stick with her $74 target at least for the foreseeable future and not chase stock performance.
Well, today VMware shares are almost at that target, up almost $5, or 7.35%, at $70.61. They earlier rose as much as 12%. Shares of EMC (EMC), VMware’s owner, are up 2.18% at $19.71.
Today it touched 73 before dropping to 69+ (nearly 70) now. Keep watching this space. Barron's report here.