Dell Keeps Overweight Rating At Jp Morgan Ahead Of Quarterly Results Nysedell

JP Morgan Upgrades Dell Technologies to Overweight, Raises Price Target to 100

Analyst Focus List Inclusion Highlights Value Pick

JP Morgan analyst Samik Chatterjee maintained an Overweight rating on Dell Technologies (NYSE:DELL) and raised the price target from 90 to 100 on Feb. 8. The move follows a similar upgrade by Morgan Stanley, which increased its price target on Dell to 155 from 125. The investment bank retains its Overweight rating on the stock.

The upgrades come as Dell reports strong earnings and benefits from the growing demand for cloud computing and data storage solutions.

Key Highlights:

JP Morgan cited Dell's "solid execution" and "improving fundamentals" as reasons for its upgrade.

Morgan Stanley highlighted Dell's "strong competitive position" and "attractive valuation" as factors contributing to its bullish stance.

Dell's average rating among analysts is now Overweight, with a consensus price target of 126.50.

Conclusion:

The positive analyst sentiment towards Dell Technologies reflects the company's strong fundamentals and growth prospects. The stock's inclusion on JP Morgan's Analyst Focus List further highlights its potential as a value pick.

Investors should note that stock prices can fluctuate and should conduct their own research before making any investment decisions.