Wells Fargo analyst Aaron Rakers has maintained their bullish stance on DELL stock, giving a Buy rating on June 5.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Aaron Rakers has given his Buy rating due to a combination of factors including Dell Technologies’ strong financial position and strategic initiatives. The company has demonstrated a robust backlog in AI-optimized servers, which has increased significantly year-over-year, indicating strong demand and future revenue potential. Additionally, Dell’s purchase obligations and inventory levels suggest effective management of supply chain and production capabilities, which are crucial for maintaining competitive advantage.
Another factor contributing to the Buy rating is Dell’s capital return strategy, which includes significant share repurchases and dividend increases. This approach reflects confidence in the company’s cash flow generation and commitment to returning value to shareholders. Furthermore, the substantial deferred revenue and backlog figures underscore Dell’s ability to secure future earnings, providing a solid foundation for growth. These elements combined present a compelling case for the Buy recommendation on Dell Technologies’ stock.
In another report released on June 5, Evercore ISI also maintained a Buy rating on the stock with a $140.00 price target.
DELL’s price has also changed slightly for the past six months – from $116.790 to $113.250, which is a -3.03% drop .