Forecast Of The Day: VMware’s Maintenance and Service Revenue
VMware’s (NYSE:VMW) Maintenance and Service Revenue rose from $4.75 billion in 2020 to $5.11 billion in 2021. Trefis expects the metric to grow steadily to around $5.6 billion by 2023.
Maintenance and Service Revenues are largely recurring and we expect growth to be driven by VMware’s large and rising base of customers.
We think VMW stock is undervalued at current levels. We value VMW at about $145 per share, 25% ahead of the current market price.
See Our Complete Analysis For VMware
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