BOSTON ( TheStreet Ratings) -- VMware (VMW - Get Report) posted strong financial results in the third quarter after the stock-market close Monday, yet said 2012 might be challenging, given global economic concerns.
That's led to dissension among sell-side analysts.
Goldman Sachs (GS) analyst Heather Bellini, who had a "buy" rating and a $120 target on VMware, added the stock to her firm's so-called Conviction Buy List of favored companies. Bellini notes in her report: "We believe this remains a name that has one of the best growth profiles in enterprise tech for 2012 and will remain a share of wallet gainer despite a challenging macro environment."
Kash Rangan at
Bank of America
(BAC) maintains his "buy" rating and a $104 price target. He downplays management's acknowledgment of global economic risks, noting that "VMW is not seeing project cancellations/deal push outs but
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