BofA Securities analyst Wamsi Mohan maintains $Dell Technologies (DELL.US)$ with a buy rating, and maintains the target price at $155.
According to TipRanks data, the analyst has a success rate of 60.1% and a total average return of 11.8% 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% drop in stock value post-earnings, primarily due to reported revenue and forecasted earnings falling below expectations, significantly influenced by artificial intelligence revenues and subdued PC market dynamics. Nevertheless, Dell maintains optimism regarding continued growth opportunities across all segments, highlighting a robust AI project pipeline, recovering mainstream server market, increasing storage momentum, and an emerging recovery in the PC sector.
Dell Technologies reported a minor shortfall in revenues alongside improved margins, accompanied by a somewhat conservative future outlook. Revenues from the company's artificial intelligence servers met expectations, though projections for the upcoming January quarter were modest despite optimistic remarks concerning the pipeline. The PC segment continues to show weakness.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
