Dell To $60? These Analysts Revise Price Targets On The Computer Maker Following Q3 Results

Loading...
Loading...

Dell Technologies Inc DELL reported posted better-than-expected earnings and sales results for its third quarter, but issued weak sales guidance for the fourth quarter.

Dell reported third-quarter revenue of $24.7 billion, which beat average analyst estimates of $24.53 billion. The company said third-quarter revenue was down 6% year-over-year. Dell reported third-quarter earnings of $2.30 per share, which beat estimates of $1.60 per share.

Dell shares fell 1.1% to $40.62 in pre-market trading.

These analysts made changes to their price targets on Dell following the release of quarterly results.

  • Barclays cut the price target on the stock from $49 to $41. Barclays analyst Tim Long maintained an Equal-Weight rating on the stock.
  • Citigroup slashed Dell price target from $55 to $53. Citigroup analyst Jim Suva maintained a Buy rating on the stock.
  • UBS lowered the price target on Dell from $65 to $60. UBS analyst David Vogt maintained a Buy rating on the stock.
  • Wells Fargo slashed the price target on Dell from $58 to $52. Wells Fargo analyst Aaron Rakers maintained the stock with an Overweight.
  • Raymond James raised the price target on Dell from $47 to $50. Raymond James analyst Simon Leopold maintained the stock with an Outperform.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidancePrice TargetPre-Market OutlookMarketsAnalyst RatingsTrading IdeasPT Changes
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...