JPMorgan Chase & Co. Boosts Dell (DELL) Price Target to $77.00
Dell (NASDAQ:DELL) had its target price hoisted by analysts at JPMorgan Chase & Co. from $68.00 to $77.00 in a report released on Monday, The Fly reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 20.63% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. Credit Suisse Group assumed coverage on Dell in a research note on Thursday. They issued a “neutral” rating and a $65.00 price objective for the company. Zacks Investment Research lowered Dell from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. BMO Capital Markets raised their price objective on Dell from $48.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. Citigroup reaffirmed a “buy” rating and issued a $70.00 price objective (up from $55.00) on shares of Dell in a research note on Friday, March 1st. Finally, Morgan Stanley raised their price objective on Dell from $49.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $62.00.
Shares of NASDAQ:DELL traded up $0.32 during trading on Monday, hitting $63.83. The company had a trading volume of 17,359 shares, compared to its average volume of 2,846,772. The firm has a market capitalization of $45.63 billion, a price-to-earnings ratio of 10.35 and a beta of 0.47. Dell has a one year low of $42.02 and a one year high of $64.58. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82.
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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