Analysts at RBC Capital provided their key takeaways from VMware, Inc.’s (NYSE:VMW) VMworld 2021. According to the brokerage, which reiterated its outperform rating and $180 price target on the company, the key highlights from the event were (1) the strategy around the next phase of growth including additional support of multi-cloud environments and an increasing mix of subscription and SaaS, (2) Project Arctic, which natively integrates cloud connectivity into on-premise vSphere deployments, (3) 2025 targets that follow an inflection in subscription and SaaS, and (4) reiteration of early November as the target for the spin-off from Dell.