Benzinga - by Lisa Levin, Benzinga Editor.
Dell Technologies Inc. (NYSE: DELL) is projected to release financial results for its fiscal 2024 third quarter, after the closing bell on Nov. 30, 2023.
Analysts expect the company to post quarterly earnings at $1.46 per share, down from year-ago earnings of $2.30 per share. The company’s revenue might come in at $23.02 billion for the latest quarter, according to Benzinga Pro.
Dell Technologies recently inked a pact worth $150 million with AI startup Imbue to build a new high-performance computing cluster for training foundation models optimized for reasoning.
Dell shares gained 1.4% to close at $75.06 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Deutsche Bank analyst Sidney Ho maintained a Buy rating and raised the price target from $68 to $75 on Sept. 25, 2023. This analyst has an accuracy rate of 83%.
- Citigroup analyst Asiya Merchant maintained a Buy rating and boosted the price target from $70 to $80 on Sept. 22, 2023. This analyst has an accuracy rate of 78%.
- Daiwa Capital analyst Louis Miscioscia upgraded the stock from Neutral to Outperform and raised the price target from $50 to $80 on Sept. 19, 2023. This analyst has an accuracy rate of 71%.
- Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and raised the price target from $70 to $80 on Sept. 11, 2023. This analyst has an accuracy rate of 76%.
- Barclays analyst Tim Long downgraded the stock from Equal-Weight to Underweight with a price target of $53 on Sept. 7, 2023. This analyst has an accuracy rate of 71%.
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