Is Dell Stock a Buy Ahead of Q2 Earnings? Here’s What Analysts Say
TLDR
- Citi has initiated a 90-day catalyst watch on DELL ahead of its Q2 earnings report
- Analysts expect diluted EPS of $4.65, up 121.4% year-over-year from $2.10
- DELL stock has gained 245.3% over the past 52 weeks, crushing the S&P 500’s 16.5% return
- Citi analyst Asiya Merchant maintains a Buy rating with a $515 price target
- 25 analysts cover the stock; 16 rate it “Strong Buy” with an average price target of $503.73
Dell Technologies is heading into its Q2 earnings report with growing analyst confidence and a stock price that has already done a lot of heavy lifting.
DELL is currently trading around $439, based on the average analyst price target implying 14.7% upside to $503.73. The stock has surged 245.3% over the past 52 weeks, a run that has left the S&P 500’s 16.5% return in the dust.
Citi analyst Asiya Merchant kicked off a 90-day catalyst watch on the stock on July 24, pointing to strengthening enterprise IT infrastructure spending as the key driver. Merchant holds a Buy rating and a $515 price target.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
