Dell Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Dell Technologies Inc. (DELL) is set to release its Q3 fiscal 2024 earnings after market close on Nov. 30, 2023. Analysts predict a decline in earnings per share to $1.46 from $2.30 in the previous year, with expected revenue of $23.02 billion. Dell recently signed a $150 million deal with AI startup Imbue. The stock closed up 1.4% at $75.06. Analysts from Deutsche Bank, Citigroup, Daiwa Capital, Evercore ISI Group, and Barclays have updated their price targets for Dell, with most maintaining a positive outlook except Barclays, which downgraded the stock.
November 30, 2023 | 3:11 pm
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Dell Technologies is anticipated to report lower earnings per share in Q3 compared to last year, but has secured a significant deal with Imbue. Analysts have mixed views, with most maintaining a positive outlook and raising price targets, while Barclays downgraded the stock.
The expected decline in EPS could be a negative signal for investors, but the recent $150 million deal with Imbue and the majority of analysts maintaining a positive outlook with raised price targets could offset negative sentiment. Barclays' downgrade is a concern, but the overall analyst consensus seems to lean towards a positive direction, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100