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5 Big Things To Know About Dell’s Stock Price One Month In

After one month on the New York Stock Exchange, CRN breaks down five key things you need to know about the Dell Technologies’ stock, market cap and investor outlook.

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Financial Analysts Expecting Higher Price

Citigroup, which initiated coverage of Dell last week with a “buy” rating, isn’t the only one expecting the company’s stock to climb this year. RBC Capital also started covering DELL with an “outperform” rating and a price target of $56 per share, citing the company’s “attractive enterprise portfolio” and valuation in a recent note. The global investment bank expects Dell to move higher on margin expansion and sales growth, saying the stock could trade at upwards of $80 per share in the coming years.

On Tuesday, Raymond James gave Dell a ‘outperform’ rating, citing the company’s market share gains and enterprise IT spending trends as reasons to be bullish about Dell. Zacks Investment Research recently gave the DELL stock a Zacks Rank of No. 1 which means a strong buy. JPMorgan issued a $60 price target for DELL stock, while Morgan Stanley analyst Katy Huberty also expects Dell’s stock price to increase thanks to the company’s storage momentum.

 
 
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