Standpoint Research Issues Buy Rating On Dell (DELL)

Standpoint Research initiated coverage of Dell (NASDAQ: DELL) with a Buy rating today. Standpoint analyst Ronnie Moas, said that if the Fed continues to hike interest rates, the technology sector will be least effected. Moas has a $18 price target on the shares. According to Standpoint, DELL shares are currently trading at 11X EPS, 0.5X Sales, and 8X cash flow. The stock is currently priced at $13.48.

Dell's (DELL) margin's are at all time lows and Standpoint is betting that this will begin to pick up in the coming quarters. Dell is trading at a significant price/sales discount to its competitors. The company reported disappointing numbers on Friday, and the shares fell 6.6%. According to Standpoint, this was an overreaction.