Raymond James Believes Dell Technologies (DELL) Still Has Room to Grow

In a report released yesterday, Simon Leopold from Raymond James maintained a Buy rating on Dell Technologies (DELL), with a price target of $92.00. The company’s shares closed last Thursday at $79.68, close to its 52-week high of $81.98.

According to TipRanks.com, Leopold is a 4-star analyst with an average return of 9.4% and a 60.8% success rate. Leopold covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise, and CommScope Holding.

Dell Technologies has an analyst consensus of Strong Buy, with a price target consensus of $90.75, implying a 12.0% upside from current levels. In a report issued on February 23, Deutsche Bank also maintained a Buy rating on the stock with a $94.00 price target.

See today’s analyst top recommended stocks >>

Based on Dell Technologies’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $23.48 billion and net profit of $832 million. In comparison, last year the company earned revenue of $22.84 billion and had a net profit of $499 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Dell Technologies, Inc. is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware. The CSG segment consists of sales to commercial and consumer customers of desktops, thin client products, and notebooks. The VMware segment provides compute, cloud management, networking and security, storage and availability, and other end-user computing offerings. The company was founded by Michael Saul Dell in 1984 and is headquartered in Round Rock, TX.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts