Dell Technologies (DELL) Stock: $65 Price Target And Buy Rating

By Amit Chowdhry ● May 23, 2022
  • The shares of Dell Technologies Inc (NYSE: DELL) have received a $65 price target from Citi. These are the details.

The shares of Dell Technologies Inc (NYSE: DELL) have received a $65 price target from Citi. And Citi analyst Jim Suva is maintaining a “Buy” rating on the shares.

Suva adjusted the rating after materially lowering the expectations for the PC market. And supply chain challenges, exacerbated by recent lockdowns, combined with the macro inflationary woes are likely to temper PC unit demand.

Now Suva models 2022 unit growth of down 9% compared to prior expectations of flattish unit growth.

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