Dell Stock Forecast: What Wall Street Analysts Predict
Average Price Target: $125.20
According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Dell Technologies Inc. (DELL) is $125.20. The low estimate is $100.00, and the high estimate is $150.00. The current price quote for DELL stock is $108.50.
Analysts' Recommendations
Of the 15 analysts covering DELL, 10 have issued a "buy" recommendation, 4 have issued a "hold" recommendation, and 1 has issued a "sell" recommendation. The consensus recommendation is a "buy."
Key Factors Driving the Forecast
Several key factors are driving the analysts' positive outlook for Dell stock, including:
- Strong demand for Dell's products and services, particularly in the enterprise and government sectors
- Continued growth in the cloud computing market, which is driving demand for Dell's servers and storage solutions
- Dell's ongoing efforts to improve its operational efficiency and reduce costs
- The company's recent acquisition of EMC Corporation, which has expanded Dell's product portfolio and customer base
Risks to the Forecast
There are also some risks that could impact Dell's stock price forecast, including:
- Competition from other technology companies, such as Hewlett-Packard Enterprise (HPE) and Lenovo
- A slowdown in the global economy, which could reduce demand for Dell's products and services
- Currency fluctuations, which could impact Dell's profitability
Disclaimer
The information contained in this article is for informational purposes only and should not be construed as investment advice. Investors should always conduct their own due diligence before making any investment decisions.
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