Dell Technologies Shares: $110 Target From Evercore

By Amit Chowdhry ● Aug 22, 2021
  • The shares of Dell Technologies Inc (NYSE: DELL) have received a $110 price target from Evercore. These are the details.

The shares of Dell Technologies Inc (NYSE: DELL) have received a $110 price target from Evercore. And Evercore ISI analyst Amit Daryanani added Dell Technologies to the “Tactical Outperform List” prior to the company’s July quarter earnings report due on August 26.

Daryanani is expecting Dell to report a notable upside to the consensus estimates. And the current Wall Street models reflect sub-seasonal quarter-over-quarter growth. But Daryanani is expecting room for upside due to better execution across PCs and Storage end-markets along with data from IDC that shows that the PC market is continuing to be strong.

Some of the other catalysts that could be driving the company stock price includes a pending spinoff of Dell’s stake in VMware. And Dell has a meeting with analysts scheduled for September 23.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.