Movement Alert|Dell Technologies Inc. Rises 3.11% in Pre-Market Trading, Goldman Sachs Raises Target Price to $510

Market Focus
08/12

On August 12, Dell Technologies Inc. rose 3.11% in pre-market trading, trading at $455.6 per share, with turnover of $19.11 million.

On the news front, Goldman Sachs raised its target price on Dell Technologies from $500 to $510, maintaining a Buy rating. According to FactSet, analysts have an average rating of overweight on Dell with a mean target price of $506.14. The upgrade comes just one day after Morgan Stanley cut its target price from $477 to $430, which triggered a decline of over 5% on August 11. Goldman Sachs' contrarian move has helped ease market pessimism regarding AI server profit margin sustainability.

Within the Technology Hardware, Storage & Peripherals sector, broad strength provided additional support. Super Micro Computer rose 9.86%, SanDisk gained 5.22%, Seagate Technology climbed 4.13%, and Western Digital advanced 4.04%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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