The firm has a $30 price target on shares of the Hopkinton, MA-based data storage and IT support company.
Next week, EMC will bring a proposed acquisition by Dell (DELL) before shareholders. Macquarie expects the vote to go through since EMC is "in the throes of a dramatic transition," the firm wrote in a note cited by Barron's.
EMC currently "aggressively pivoting" toward a cloud-based, software-driven model. However, Macquarie noted that the company still has a ways to go to fully transition.
"Besides, there is a small risk that EMC may make new disclosures at the event (such as the tax on foreign cash necessary to finance the deal) which could pose headline risk to the near-term share price," the firm added.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins.
However, TheStreet Ratings finds weaknesses including disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: EMC
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.