Dell Technologies Inc. Stock Price Update
Dell Technologies Inc. has experienced a significant price surge in recent months, with the stock rising by 37% in a month. However, the company’s stock price declined by 1.24% in the latest trading session.
Price Target Adjustment
Morgan Stanley has raised its price target for Dell Technologies Inc. from $89 to $126, citing strong demand for AI infrastructure. This adjustment reflects the company’s growing presence in the AI market.
Company Developments
Dell Technologies Inc. CEO, Michael Dell, has emphasized the importance of AI factories and edge innovation in driving digital transformation. The company has also collaborated with NVIDIA to enhance its AI infrastructure.
Analyst Outlook
TipRanks’ AI analysis tool predicts a strong upside for Dell Technologies Inc. stock, based on analyst consensus. This prediction is in line with the company’s growing demand for AI infrastructure and its strategic partnerships.
Key Statistics
- Dell Technologies Inc. stock price: declined by 1.24% in the latest trading session
- Price target adjustment: Morgan Stanley raised its price target from $89 to $126
- Analyst consensus: TipRanks’ AI analysis tool predicts a strong upside for the stock