Dell Technologies Stock Rallied On Wednesday: What Happened?
Portfolio Pulse from Vaishali Prayag
Dell Technologies (NYSE:DELL) shares surged on Wednesday following an upward price target revision from BofA Securities. Analyst Wamsi Mohan reaffirmed a Buy rating and increased the price target from $130 to $180. Dell has seen a 134% increase year-to-date and is set to release its fiscal first-quarter earnings on Thursday.
May 29, 2024 | 9:01 pm
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Dell Technologies shares surged 8% after BofA Securities raised the price target to $180. The stock has increased 134% year-to-date and is set to release its fiscal first-quarter earnings on Thursday.
The upward price target revision from BofA Securities and the reaffirmation of a Buy rating are strong positive signals for investors. Additionally, the significant year-to-date performance and upcoming earnings report add to the positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100