Short Term Price Target on EMC Corporation (EMC)

EMC Corporation (NYSE:EMC) : The most positive equity analysts on EMC Corporation (NYSE:EMC) expects the shares to touch $32, whereas, the least positive believes that the stock will trade at $26 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $29.25 with an expected fluctuation of $1.7 from the mean.

EMC Corporation has lost 2.06% in the last five trading days and dropped 2.38% in the last 4 weeks. EMC Corporation is up 1.7% in the last 3-month period. Year-to-Date the stock performance stands at 6.71%. Also, Equity analysts at the Brokerage firm Sterne Agee CRT downgrades its rating on EMC Corporation (NYSE:EMC). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 2, 2016.

EMC Corporation (NYSE:EMC) : Zacks Investment Research ranks EMC Corporation (NYSE:EMC) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 14 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 23 research analysts is 2.35, which indicates as a Buy.

EMC Corporation (NYSE:EMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.16 and $27.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.17, notching a gain of 0.07% for the day. The total traded volume was 16,977,402 . The stock had closed at $27.15 on the previous day.

In an insider trading activity, Amit Yoran, officer (President, RSA) of Emc Corp, unloaded 21,487 shares at an average price of $27.17 on August 7, 2015. The total amount of the transaction was worth $583,802, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.

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