BofA lowered the firm’s price target on Dell Technologies to $150 from $180 and keeps a Buy rating on the shares. Ahead of the company reporting fiscal Q2 results on August 29, the firm continues to believe that the fundamentals are strong and that the stock pullback offers “a particularly attractive opportunity,” the analyst tells investors. However, the firm lowered its price target as it applies a lower multiple to its calendar year 2026 EPS estimate of $9.97 to reflect peer averages.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DELL:
- DELL, CRWD, HUBS: Which Bruised Tech Stock Is the Best Option?
- 3 Best Stocks to Buy Now, 8/20/2024, According to Top Analysts
- Dell Technologies price target lowered to $142 from $155 at Morgan Stanley
- Dell Technologies price target lowered to $155 from $170 at Citi
- JPMorgan ups Dell Technologies target, adds to Analyst Focus List