Dell's AI Server Margins And PC Market Recovery Signal Earnings Growth, Say Analysts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 30 2024
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Source: Benzinga
Dell's Financial Performance: Dell Technologies reported better-than-expected second-quarter results with revenues of $25.03 billion and adjusted earnings of $1.89 per share, leading to a 3.2% increase in stock price.
Analyst Outlook: Analysts from Goldman Sachs and J.P. Morgan maintain positive ratings on Dell, citing strong growth potential in AI server margins and expectations for recovery in the PC market, which could drive double-digit earnings growth.
Analyst Views on CHAT
Wall Street analysts forecast CHAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 61.850
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
