On Nov 27, major Wall Street analysts update their ratings for $Dell Technologies (DELL.US)$, with price targets ranging from $154 to $160.
Morgan Stanley analyst Erik Woodring maintains with a buy rating, and maintains the target price at $154.
BofA Securities analyst Wamsi Mohan maintains with a buy rating, and maintains the target price at $155.
Citi analyst Asiya Merchant maintains with a buy rating, and adjusts the target price from $160 to $156.
Wells Fargo analyst Aaron Rakers maintains with a buy rating, and maintains the target price at $160.
Mizuho Securities analyst Vijay Rakesh maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Dell Technologies (DELL.US)$'s main analysts recently are as follows:
Following the earnings report, Dell Technologies experienced a 10% decline in stock value as its reported revenue and guidance fell short of expectations, primarily due to artificial intelligence revenues and a more subdued PC market. Despite this, Dell maintains confidence in its ongoing growth drivers across all segments with a solid AI pipeline, recovery in mainstream servers gaining traction, ongoing momentum in storage, and a taking hold of PC recovery.
Dell Technologies recorded a modest shortfall in revenues alongside improved margins, accompanied by somewhat conservative future projections. Analysts noted that revenues from Dell's artificial intelligence servers aligned with expectations, although forecasts for the upcoming January quarter were marginally reduced, despite optimistic discussions concerning the pipeline. This comes at a time when the PC market continues to exhibit weakness.
Here are the latest investment ratings and price targets for $Dell Technologies (DELL.US)$ from 6 analysts:
Note:
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