These Analysts Revise Their Forecasts On Dell After Q3 Results

Benzinga

28 Nov 2024

Dell Technologies Inc. (NYSE:DELL) reported better-than-expected earnings for its third quarter, while sales missed estimates.

The company reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year.

"We continued to build on our AI leadership and momentum, delivering combined ISG and CSG revenue of $23.5 billion, up 13% year over year," said Yvonne McGill, CFO of Dell Technologies. "Our continued focus on profitability resulted in EPS growth that outpaced revenue growth, and we again delivered strong cash performance."

Dell shares fell 11.9% to trade at $124.82 on Wednesday.

These analysts made changes to their price targets on Dell following earnings announcement.

Barclays analyst Tim Long maintained Dell with an Equal-Weight and raised the price target from $106 to $115.
Citigroup analyst Asiya Merchant maintained the stock with a Buy and lowered the price target from $160 to $156.
Mizuho analyst Vijay Rakesh maintained Dell with an Outperform and cut the price target from $155 to $150.
Melius Research analyst Ben Reitzes maintained Dell Technologies with a Buy and increased the price target from $140 to $155.

Considering buying DELL stock? Here’s what analysts think:

Read This Next:

Urban Outfitters To Rally Around 47%? Here Are 10 Top Analyst Forecasts For Wednesday

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2486880552"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2486880552\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2486880552?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-28 02:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486880552","market":"us","top_or_hot":-1,"title":"These Analysts Revise Their Forecasts On Dell After Q3 Results","media":"Benzinga","content":"<html><body><p><strong>Dell Technologies Inc.</strong> (NYSE:DELL) reported better-than-expected earnings for its third quarter, while sales missed estimates.</p>\n<p>The company reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year.</p>\n<p>\"We continued to build on our AI leadership and momentum, delivering combined ISG and <a href=\"https://laohu8.com/S/CSV.AU\">CSG</a> revenue of $23.5 billion, up 13% year over year,\" said Yvonne McGill, CFO of Dell Technologies. \"Our continued focus on profitability resulted in EPS growth that outpaced revenue growth, and we again delivered strong cash performance.\"</p>\n<p>Dell shares fell 11.9% to trade at $124.82 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Dell following earnings announcement.</p>\n<ul>\n<li>Barclays analyst Tim Long maintained Dell with an Equal-Weight and raised the price target from $106 to $115.</li>\n<li>Citigroup analyst Asiya Merchant maintained the stock with a Buy and lowered the price target from $160 to $156.</li>\n<li>Mizuho analyst Vijay Rakesh maintained Dell with an Outperform and cut the price target from $155 to $150.</li>\n<li>Melius Research analyst Ben Reitzes maintained Dell Technologies with a Buy and increased the price target from $140 to $155.</li>\n</ul>\n<p><strong>Considering buying DELL stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"493\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-1024x493.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-1024x493.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-300x144.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-768x369.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299.png 1085w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Urban Outfitters To Rally Around 47%? Here Are 10 Top Analyst Forecasts For Wednesday</strong></li>\n</ul></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Analysts Revise Their Forecasts On Dell After Q3 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Analysts Revise Their Forecasts On Dell After Q3 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-11-28 02:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Dell Technologies Inc.</strong> (NYSE:DELL) reported better-than-expected earnings for its third quarter, while sales missed estimates.</p>\n<p>The company reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year.</p>\n<p>\"We continued to build on our AI leadership and momentum, delivering combined ISG and <a href=\"https://laohu8.com/S/CSV.AU\">CSG</a> revenue of $23.5 billion, up 13% year over year,\" said Yvonne McGill, CFO of Dell Technologies. \"Our continued focus on profitability resulted in EPS growth that outpaced revenue growth, and we again delivered strong cash performance.\"</p>\n<p>Dell shares fell 11.9% to trade at $124.82 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Dell following earnings announcement.</p>\n<ul>\n<li>Barclays analyst Tim Long maintained Dell with an Equal-Weight and raised the price target from $106 to $115.</li>\n<li>Citigroup analyst Asiya Merchant maintained the stock with a Buy and lowered the price target from $160 to $156.</li>\n<li>Mizuho analyst Vijay Rakesh maintained Dell with an Outperform and cut the price target from $155 to $150.</li>\n<li>Melius Research analyst Ben Reitzes maintained Dell Technologies with a Buy and increased the price target from $140 to $155.</li>\n</ul>\n<p><strong>Considering buying DELL stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"493\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-1024x493.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-1024x493.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-300x144.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299-768x369.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27135106/image-299.png 1085w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Urban Outfitters To Rally Around 47%? Here Are 10 Top Analyst Forecasts For Wednesday</strong></li>\n</ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.benzinga.com/24/11/42221770/these-analysts-revise-their-forecasts-on-dell-after-q3-results","article_id":"2486880552","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486880552","pubTimestamp":1732733492,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"这些分析师在第三季度业绩公布后修改了对戴尔的预测","themeId":"63f5a461ca1a23513d2e0abfc40da123","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DELL":0.9,"DVMT":1},"content_text":"Dell Technologies Inc. (NYSE:DELL) reported better-than-expected earnings for its third quarter, while sales missed estimates.\nThe company reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year.\n\"We continued to build on our AI leadership and momentum, delivering combined ISG and CSG revenue of $23.5 billion, up 13% year over year,\" said Yvonne McGill, CFO of Dell Technologies. \"Our continued focus on profitability resulted in EPS growth that outpaced revenue growth, and we again delivered strong cash performance.\"\nDell shares fell 11.9% to trade at $124.82 on Wednesday.\nThese analysts made changes to their price targets on Dell following earnings announcement.\n\nBarclays analyst Tim Long maintained Dell with an Equal-Weight and raised the price target from $106 to $115.\nCitigroup analyst Asiya Merchant maintained the stock with a Buy and lowered the price target from $160 to $156.\nMizuho analyst Vijay Rakesh maintained Dell with an Outperform and cut the price target from $155 to $150.\nMelius Research analyst Ben Reitzes maintained Dell Technologies with a Buy and increased the price target from $140 to $155.\n\nConsidering buying DELL stock? Here’s what analysts think: \n\nRead This Next: \n\nUrban Outfitters To Rally Around 47%? Here Are 10 Top Analyst Forecasts For Wednesday","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}