Current Situation
Dell Technologies Inc. (NASDAQ: DELL) has been experiencing fluctuations in its stock price due to various market factors. As of the latest data, Dell’s stock price stands at approximately $95.56. The company has a market capitalization of $71.70 billion and a P/E ratio of 16.11. Dell’s stock has shown a 52-week range between $86.93 and $179.70.
Recent Performance
Dell’s recent performance has been mixed. The company reported quarterly earnings of $2.68 per share, which beat the analyst consensus estimate of $2.53. However, its quarterly revenue of $23.9 billion missed the consensus estimate of $24.56 billion. Despite this, Dell’s Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) have shown growth, with ISG’s revenue up 22% year-over-year.
Analyst Opinions
Analysts have mixed opinions on Dell’s stock. According to Zacks, Dell is rated as a “Sell” due to recent changes in earnings estimates. However, other analysts have a more positive outlook, with a consensus rating of “Moderate Buy” and a 12-month price target of $143.53. The highest price target for Dell is $185.00, while the lowest is $116.00.
Stock Price Predictions
Based on current trends and analyst forecasts, here are the possible stock price predictions for Dell Technologies Inc. over the next 6, 12, and 36 months:
- 6 Months: Dell’s stock price is expected to experience some volatility. The forecast for the next six months suggests a range between $85 and $121. The average price target is around $105.
- 12 Months: Over the next year, Dell’s stock price is predicted to recover and potentially reach an average target of $143.53. The price could range between $115 and $185.
- 36 Months: Looking further ahead, Dell’s stock price could see significant growth. By 2028, the stock price is projected to reach as high as $324. This long-term forecast indicates a strong upward trend, driven by Dell’s strategic partnerships and market positioning.
Conclusion
Dell Technologies Inc. has shown resilience despite recent challenges. With a mix of positive and cautious analyst opinions, the stock is expected to experience both short-term volatility and long-term growth. Investors should consider these factors when making decisions about Dell’s stock.