On August 11, Dell Technologies Inc. declined 4.15% in regular trading, trading at $432.755/share, with turnover of $264 million.
On the news front, Morgan Stanley lowered its price target on Dell Technologies from $477 to $430, while maintaining an Equal-weight rating. According to FactSet, the analyst consensus rating on Dell remains Overweight, with an average price target of $505.67, still well above the current trading level.
The downgrade comes amid persistent market concerns over the sustainability of AI server profit margins. Dell shares had already been under pressure, having plunged over 14% on July 28 — its largest single-day drop since April of last year. Morgan Stanley's revised target, now set below the current stock price, may further reinforce cautious near-term earnings expectations. Notably, Citigroup had previously raised its target to $515 in late July, citing strong AI infrastructure demand, highlighting a widening divergence among analyst views heading into Dell's next earnings report on September 3.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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