SOPA Images Contributor/Getty Images
What you need to know
- Analysts expect Dell to announce its third-quarter earnings on Tuesday after the closing bell, and analysts are expecting sales and profits to increase from the previous year.
- Most analysts covering Dell tracked by Visible Alpha hold a "buy" or equivalent rating for the stock, but their consensus price target implies little upside.
- Morgan Stanley analysts say that Dell could experience more growth in the coming year due to an increase in AI server sales.
Dell (DELL), which is expected to report its third quarter earnings after Tuesday’s market close, analysts expect sales and profit increases from the previous year but not much further appreciation of the stock.
Of the 10 analysts covering the stock tracked by Visible Alpha, eight have a "buy" or equivalent rating, compared to two "hold" ratings. However, their consensus price target of $145 would imply less than 1% upside from Friday's closing price.
Wall Street anticipates Dell will report a third quarter revenue of $24,68 Billion, an 11% increase year-over-year. It is also expected to post a net income of $1.022 billion or $1.42 / share. That’s up from $1.036 / share or $1.36 billion a year earlier.
Morgan Stanley’s analysts said in a client note on Thursday that they believe the U.S. economy is likely to grow at a slower pace than expected. “don’t expect much upside” Dell’s third quarter earnings but suggested that the company could experience more growth in 2025 due to artificial intelligence (AI), servers. Dell’s servers use Nvidia AI chips (NVDA), which was praised by the chipmaker during its earnings call on Wednesday.
For now, it is possible that results will be hindered. “sub-seasonal PC market trends” You can also find out more about the following: “flattish” Analysts predicted that AI servers would grow by 25% in the next quarter. Morgan Stanley has an “overweight” Rating and $154 Price Target for Dell
Dell shares have gained nearly 90% since the start of the year, at $144.21 as of Friday's close.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
