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🎁$DELL Shares Jumped to Record High, What's the Target?

@Trend_Radar
1. $Dell Technologies Inc.(DELL)$ Busts a 21% Move on Earnings Last Friday. 2. What Will Drive $Dell Technologies Inc.(DELL)$ Price Higher? Business: $Dell Technologies Inc.(DELL)$ , the PC maker is famous for its production, design, and sales of home and office computers. Dell is going all in on generative AI and offering hardware to run powerful models and a new platform to help organizations get started. The company released what it calls Dell Generative AI Solutions for clients to set up access to large language models and create generative AI projects. Companies that embrace AI may bring huge fortunes to their investors. Earnings: $Dell Technologies Inc.(DELL)$ impresses with Q2 earnings and strong demand. Second quarter revenue of $22.9 billion;Operating income of $1.2 billion and non-GAAP operating income of $2 billion;Diluted earnings per share of $0.63, and non-GAAP diluted earnings per share of $1.74;Second quarter cash flow from operations of $3.2 billion. Valuation: $Dell Technologies Inc.(DELL)$ 's current price-to-earnings ratio (TTM) is 25.2556 lower than $NVIDIA Corp(NVDA)$ ‘s 251. At the end of 2021 the company had a P/E ratio of 6.30. Target Price From Tiprank: Based on 16 Wall Street analysts offering 12 month price targets for $Dell Technologies Inc.(DELL)$ in the last 3 months. The average price target is $67.07 with a high forecast of $75.00 and a low forecast of $53.00. The average price target represents a -1.64% change from the last price of $68.19. YTD 2023: $Dell Technologies Inc.(DELL)$ has experienced a 21.31% weekly gain and a 3-month gain of 26.02%. The YTD 2023 is 69.54%. 3. More Discussions on $Dell Technologies Inc.(DELL)$ DB Capital: $Dell Technologies Inc.(DELL)$ printed the highest volume within a year. Looking for a quick retest of the $68 volume support and then a push through the HVC $68.14. Image The Trading Initiative | We Build Traders: All-time high after an incredible earnings report Big blue skies, hard to justify taking a position until it consolidates Massive winner in the tech sector, could be a leader moving forward. Image @TrendSpider: $Dell Technologies Inc.(DELL)$ hitting a Fibonacci target! 1.236! Image 4. Question for Tigers Do you think the $Dell Technologies Inc.(DELL)$ have more potential in future? Why and What’s your target price for $Dell Technologies Inc.(DELL)$ ? Any other stocks are shaping the same pattern? (All valid and top 10 most popular stocks will be rewarded by Tiger Coins) Editor's Pick Post Rewards: If you plan to share content over 500 characters, we strongly recommend selecting the "Also repost" button when posting a comment. This way, your content will have a chance to be selected as a "Picked Post" and receive a reward of 200 Tiger Coins automatically! In addition, if your post gains high popularity, there's also a chance to win US$15-25 voucher rewards in our weekly "Creator Incentive Program."
🎁$DELL Shares Jumped to Record High, What's the Target?

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