On August 25, Dell Technologies Inc. rose 3.28% in regular trading, trading at $444.705 per share, with turnover of $108 million, rebounding notably from the prior session's broad sector weakness.
On the news front, JPMorgan raised its target price on Dell Technologies from $550 to $565, maintaining an overweight rating. This follows Evercore ISI's earlier adjustment from $500 to $550 with an outperform rating, and Morgan Stanley's modest increase from $430 to $434. The FactSet analyst consensus now places the mean target at $514.67 with an average overweight rating.
Additionally, the company is scheduled to report quarterly earnings on September 1. Consensus estimates project revenue of approximately $448.8 billion, representing a 53.85% year-over-year increase, with adjusted earnings per share of approximately $4.89, up 112.23% year-over-year. AI server orders remain robust, with peers such as Super Micro Computer also posting strong gains of 5.13% in the session, corroborating elevated industry demand. However, Morgan Stanley cautioned that buyside expectations and valuation entering earnings present a challenging setup for Dell.
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