On March 2, 2024, analyst Erik Woodring from Morgan Stanley upgraded Dell Technologies to an Overweight rating and increased the price target to $128. This decision was influenced by Dell’s impressive performance, especially in the AI industry, where the company is excelling.
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Following suit, other analysts have adjusted their price targets for Dell as well. Wells Fargo now values the company at $140, while Bernstein set their target at $120. These changes reflect a shared optimism in Dell’s ability to continue expanding and succeeding in the market.
DELL Stock Surges 31.62% on March 2, 2024: Potential Investment Opportunity Ahead
On March 2, 2024, DELL stock had an impressive performance, with the price of shares increasing by $29.93 since the market last closed. This represents a significant rise of 31.62%. Despite the impressive gains during regular trading hours, DELL stock experienced a slight drop of $0.34 in after-hours trading. Investors may be drawn to DELL stock due to its strong performance and potential for further growth. The company’s solid financials and positive market sentiment could continue to drive the stock price higher in the future. It is always important for investors to conduct thorough research and analysis before making any investment decisions. The strong price momentum and positive indicators for DELL stock on March 2, 2024, suggest that it may be worth keeping an eye on for potential investment opportunities.
DELL Stock Performance Analysis: Revenue Decline but Net Income Growth – March 2, 2024 Update
On March 2, 2024, DELL stock showed mixed performances based on the latest financial data provided by CNN Money. The tech giant reported a total revenue of $88.42 billion for the past year, which represents a decrease of 12.94% compared to the previous year. However, the total revenue remained flat since the last quarter at $22.32 billion.
Despite the decline in total revenue, DELL managed to increase its net income to $3.21 billion for the past year, marking a significant 31.49% growth compared to the previous year. The net income also remained flat since the last quarter at $1.16 billion.
Earnings per share (EPS) for DELL also showed positive growth, with an increase of 34.44% since the previous year to $4.36. The EPS also saw a 16.95% increase since the last quarter to $1.59.
Overall, DELL stock performances on March 2, 2024, reflected a mixed picture. Investors should keep a close eye on DELL’s future financial reports to assess the company’s performance and make informed investment decisions.
