VMware (VMW) was upgraded today by analysts at Goldman Sachs.  And the stock closed up at $26.12, up $2.50 (10.58%). 

The brokerage firm upped the VMware stock to Buy from Neutral, and raised its price target to $29 from $27, saying the stock's value could increase as much as 23 percent over the next 12 months.

Analyst David C. Bailey wrote to investors: "While we see downside risk to Street estimates across (the tech sector), we expect VMware to outperform fundamentally and financially."

Over the last 52 weeks, the stock has ranged from a low of $17.25 to a high of $72.08.