Dell Technologies (NYE: DELL) saw its stock price surge by over 19% in after-hours trading yesterday, following the company’s release of better-than-expected Q4 earnings.
Stock Target Advisor’s Analysis on Dell:
Stock Target Advisor gives hold ratings to Dell Technologies incorporating seven positive signals and seven negative ones. The institution assigns a target price of 78.77 for Dell, indicating a projected price change in 12 months of -16.79%. The overall average analyst target price for Dell Technologies is set at USD 77.85 over the next 12 months, with an average analyst rating of Strong Buy.
With 16 analysts presently covering Dell, the consensus is positive. The average rating stands at Strong Buy, with a similar average target price of 77.85. However, the stock analyst’s target prices range widely from $53 at the low end to a high of $100, indicative of divergent opinions on Dell’s prospective performance.
The Computer Hardware sector enjoys an average analyst rating of Strong Buy, whereas Dell’s rating by Stock Target Advisor leans Slightly Bearish. The sector has demonstrated recent positive performance, with the average 1-week return sitting at 4.9%.
Conclusion:
The positive sentiment surrounding Dell’s AI strategy, coupled with exceeding analysts’ earnings expectations, fueled the post-market stock rise. This significant increase suggests that investors have high confidence in Dell’s future prospects, particularly in the realm of AI.
