Dell Analysts Didn't Envision 'This Much Upside Potential' After Beat-And-Raise Q2
Portfolio Pulse from Priya Nigam
Dell Technologies Inc (NYSE:DELL) shares spiked after the company reported its fiscal Q2 results, exceeding analysts' expectations. Analysts from Raymond James, Morgan Stanley, Evercore, and Citi have maintained positive ratings on the stock, with price targets raised to as high as $70. The company's AI assertions are gaining credibility, with 20% of year-to-date server orders being for AI-enabled servers. Dell's shares had risen by 22.78% to $69.05 at the time of publication.
September 01, 2023 | 4:36 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Dell's Q2 results exceeded expectations, leading to a spike in its share price. Analysts maintain positive ratings and have raised their price targets.
The company's better-than-expected Q2 results and positive analyst ratings have led to a significant increase in its share price. The raised price targets indicate analysts' confidence in the company's performance.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100