S&P 500 Futures Drop in Premarket Trading; MongoDB, Dell Technologies Lag
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 31 2024
0mins
Source: MarketWatch
- Stock Market Performance: Gap Inc. (GPS) and Zscaler Inc. (ZS) saw significant increases in pre-market trading, while Elastic N.V. (ESTC), Ulta Beauty Inc. (ULTA), and Align Technology Inc. (ALGN) also posted gains.
- Declines in Trading: MongoDB Inc. (MDB) and Dell Technologies Inc. Cl C (DELL) experienced declines in early trading, with MDB falling by 24.0% and DELL by 16.3%.
- Market Trends: U.S. stock markets were set to open in two hours at the time of the report.
- Subscription Requirement: Readers were prompted to subscribe or sign in to continue reading the full content.
- Ongoing Market Monitoring: The article hinted at ongoing monitoring of market performance and fluctuations.
Analyst Views on DELL
Wall Street analysts forecast DELL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DELL is 164.85 USD with a low forecast of 113.00 USD and a high forecast of 180.00 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.
15 Analyst Rating
11 Buy
3 Hold
1 Sell
Moderate Buy
Current: 117.170
Low
113.00
Averages
164.85
High
180.00
Current: 117.170
Low
113.00
Averages
164.85
High
180.00
About DELL
Dell Technologies Inc. is engaged in designing, developing, manufacturing, marketing, selling, and supporting a wide range of comprehensive and integrated solutions, products, and services. The Company operates through two segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). Its ISG segment enables the Company’s customer’s digital transformation with solutions that address artificial intelligence (AI), machine learning, data analytics, and multi cloud environments. Its comprehensive storage portfolio includes modern and traditional storage solutions, including all-flash arrays, scale-out file, object platforms, hyper-converged infrastructure, and software-defined storage. Its CSG segment offers branded personal computers (PCs) including notebooks, desktops, and workstations and branded peripherals that include displays, docking stations, keyboards, mice, and webcam and audio devices, as well as third-party software and peripherals.
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.








