On August 26, Dell Technologies Inc. rose 3.06% in regular trading, trading at $466.42/share, with turnover of $288 million. The rally was driven by UBS raising its target price on the stock and optimistic expectations ahead of the upcoming quarterly earnings report.
UBS lifted its target price on Dell from $440 to $455 on August 26. One day earlier, JPMorgan had also raised its target from $550 to $565, maintaining an overweight rating. The consensus among analysts polled by FactSet places the mean target price at $514.67 with an average overweight rating. Dell is scheduled to report earnings on September 1, with consensus estimates calling for revenue of approximately $44.88 billion, representing 53.85% year-over-year growth, and adjusted EPS of $4.89, up 112.23% year-over-year.
The broader AI server cycle continues to support sentiment, with peers Lenovo and Super Micro Computer recently delivering better-than-expected results, validating strong industry demand. Dell previously guided quarterly revenue in the range of $44.0–$45.0 billion, consistent with consensus expectations.
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