Dell shares are trading higher after analysts at JP Morgan upgraded their rating of the stock to Overweight and announced a $90 price target.
Portfolio Pulse from Luke J Jacobi
Dell Technologies Inc. shares have risen following an upgrade by JP Morgan analysts, who changed their rating to Overweight and set a price target of $90.
January 08, 2024 | 1:15 pm
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POSITIVE IMPACT
Dell's stock is likely to experience a positive short term impact due to the upgrade by JP Morgan to Overweight with a $90 price target.
Analyst upgrades typically lead to a positive short term reaction in the stock market as they suggest a bullish outlook on the company's performance. The new price target of $90 by JP Morgan indicates a significant upside potential from the current trading price, which can attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100