Evercore analyst Amit Daryanani maintains $Dell Technologies (DELL.US)$ with a buy rating, and maintains the target price at $150.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 13.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Dell Technologies (DELL.US)$'s main analysts recently are as follows:
Dell Technologies experienced a 10% decline in stock value following earnings reports as both reported revenue and future guidance fell short of expectations, primarily due to artificial intelligence revenues and moderated PC sales. Despite this, Dell continues to express confidence in growth opportunities across all segments, with a strong pipeline in AI, recovering mainstream server markets, ongoing momentum in storage solutions, and a resurgent PC market.
Dell Technologies experienced a slight shortfall in revenues, albeit with improved margins, and provided guidance that was somewhat conservative. It was noted that revenues from Dell's artificial intelligence servers met expectations, though forecasts for the upcoming January quarter were modestly reduced. This comes despite optimistic remarks concerning the pipeline, even as the PC sector continues to struggle.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
