Here's Why Goldman Sachs Sees 44% Upside In Dell

September 13, 2021 12:52 PM | 1 min read | Make a Comment

Goldman Sachs analyst Rod Hall added Dell Technologies Inc DELL to the firm's Americas Conviction List and reiterated a Buy with a $137 price target, implying a 43.8% upside.
The analyst believes "strong" cash flow generation and a "clear road map" for a debt paydown continue to argue for a multiple on standalone Dell closer to comps.
Hall expects Dell to detail post-spin cash return plans at its upcoming investor day on September 23 and sees the company as one of the best return opportunities in his coverage with "multiple near-term catalysts."
Price Action: DELL shares traded higher by 3.91% at $98.96 in the market session on the last check Monday.