Dell Technologies Inc. (DELL) is gearing up to release its second-quarter earnings after the market closes on Thursday, August 29th. Wall Street analysts are expecting the Round Rock, Texas-based tech giant to report earnings of $1.71 per share, a slight dip compared to the $1.74 per share recorded in the same period last year. Revenue, however, is projected to remain robust at $24.14 billion, according to data from Benzinga Pro.
Recent developments at Dell include a $1 billion settlement secured for shareholders following a ruling by the Delaware Supreme Court. This settlement resulted in five law firms receiving $267 million in legal fees. Dell’s shares closed at $111.56 on Wednesday, down 0.3% for the day.
Analysts are largely optimistic about Dell’s future prospects. Benzinga’s most accurate analysts have provided their insights on the company’s stock.
Evercore ISI Group analyst Amit Daryanani, with an accuracy rate of 76%, maintained an Outperform rating and a price target of $140 on August 28th. B of A Securities analyst Wamsi Mohan, boasting an accuracy rate of 75%, kept a Buy rating while trimming the price target from $180 to $150 on August 22nd.
Morgan Stanley analyst Erik Woodring, with an accuracy rate of 63%, maintained an Overweight rating and lowered the price target from $155 to $142 on August 19th. Citigroup analyst Asiya Merchant, whose accuracy rate stands at 73%, maintained a Buy rating and adjusted the price target from $170 to $155 on August 15th. Lastly, JP Morgan analyst Samik Chatterjee, with an accuracy rate of 70%, kept an Overweight rating and increased the price target from $155 to $160 on August 15th.
These analyst ratings provide valuable insights into the market’s sentiment regarding Dell Technologies. Investors can use this information to inform their investment decisions, considering the diverse opinions and price target adjustments reflected in these ratings.
