The Future of Dell Technologies Stock: What Analysts Predict
As a crypto enthusiast looking to invest in tech stocks, you may be considering Dell Technologies (NYSE: DELL) due to its recent performance. Wall Street analysts have been analyzing the company’s trajectory and making predictions on its stock value. Here’s a breakdown of what the analysts are saying about Dell:
Analysts’ Price Predictions for Dell
Wall Street analysts have shared their views on the future of Dell stock, offering various price targets and recommendations. Here are some key insights:
– A group of 13 analysts rated DELL shares as a ‘strong buy’
– 11 experts suggested a ‘buy’
– 1 analyst recommended a ‘hold’
– 1 analyst advised a ‘sell’
– The average price target for DELL shares in the next 12 months is $142.31
– The lowest target is $98, while the highest is $185
Expert Opinions on Dell
Various analysts have shared their opinions on Dell’s stock performance and potential. Here are a few perspectives from industry experts:
– Loop Capital Markets raised their price target for Dell shares to $185
– Evercore ISI reiterated an outperform rating with a $165 price target
– Barclays lifted the target price to $98, giving Dell an underweight rating
– Citi raised their target price to $170 from $125, sharing bullish views on Dell
Dell Stock Price Analysis
Currently, DELL shares are priced at $166.08, showing positive growth in recent weeks. Here’s a summary of the recent stock performance:
– DELL shares gained over 14% in the past week
– Monthly chart shows a 29% increase
– However, the stock is showing signs of consolidation in pre-market trading
Despite the positive outlook from analysts, it’s essential to conduct your research before investing in Dell or any other asset.
Closing Thoughts on Dell Technologies Stock
While Dell Technologies stock has shown promise, it’s crucial to consider various factors before making an investment decision. Conduct thorough research, stay updated on market trends, and seek advice from financial experts to make informed choices regarding your investments.
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