What's Going On With Dell Technologies Stock Today?
Portfolio Pulse from Adam Eckert
Dell Technologies Inc (NYSE:DELL) shares are moving higher following a bullish note from Morgan Stanley and positive comments from CEO Michael Dell about AI. Morgan Stanley maintained an Overweight rating and a price target of $155. Dell's CEO highlighted AI as a major technological advancement, comparing it to the rise of the internet. Dell also reported strong demand for its AI-optimized servers and networking products.
June 18, 2024 | 4:09 pm
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Dell Technologies shares are up following a bullish note from Morgan Stanley and positive comments from CEO Michael Dell about AI. Morgan Stanley maintained an Overweight rating and a price target of $155. Dell's CEO emphasized the rapid advancement and significant benefits of AI.
The stock is likely to see a positive short-term impact due to the combination of a bullish analyst rating from Morgan Stanley and strong comments from the CEO about the potential of AI. The maintained Overweight rating and high price target provide additional investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100