🎁$DELL Shares Jumped to Record High, What's the Target?
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.
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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.
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@TrendSpider: $Dell Technologies Inc.(DELL)$ hitting a Fibonacci target! 1.236!
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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?
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At the current price of USD 68.19, it is undervalued especially when compared to Nvidia.
I would like to keep a close watch on Dell as it would be a great addition to my portfolio. My Target price to buy would be USD 60 to USD 65.
@Trend_Radar