1023 ET - Dell just turned in one of the most impressive quarters that Morgan Stanley analysts say they've ever seen in the hardware sector. The analysts have put their prior underweight rating on the stock, as well as their $170 price target, under review. "We got this one wrong," the analysts say in a research note. It's clear now that Dell is seeing unprecedented demand across all of its segments despite broad component cost inflation, speaking both to the strength of the market as well as Dell's own execution and share gains, the analysts say. Shares jump 31% to $414.15, an all-time high. (dean.seal@wsj.com)
(END) Dow Jones Newswires
May 29, 2026 10:23 ET (14:23 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.