EMC Corporation (EMC) Receives Price Target

EMC Corporation (EMC) : The consensus price target for EMC Corporation (EMC) is $29.6 for the short term with a standard deviation of $1.39. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $32, however, the pessimist price target for the company is $26.

EMC Corporation (EMC) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 21 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.


Also, Brokerage firm Deutsche Bank maintains its rating on EMC Corporation (NYSE:EMC). As per the latest information, the brokerage house raises the price target to $29 per share from a prior target of $27. The shares have been rated Hold. The rating by the firm was issued on August 25, 2016.

EMC Corporation (NYSE:EMC): The stock opened at $28.89 on Thursday but the bulls could not build on the opening and the stock topped out at $28.96 for the day. The stock traded down to $28.83 during the day, due to lack of any buying support eventually closed down at $28.86 with a loss of -0.45% for the day. The stock had closed at $28.99 on the previous day. The total traded volume was 36,802,117 shares.

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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