Dell Technologies Inc (NYSE:DELL) shares traded 0.05% higher at $131.68 on Wall Street last session.
DELL stock price is now 11.33% away from the 50-day moving average and 59.32% away from the 200-day moving average. The market capitalization of the company currently stands at $93.99B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $75 to $105, TD Cowen maintained Market Perform rating for Dell Technologies Inc (NYSE: DELL). On February 28, 2024, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $125, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Rothberg Richard J, General Counsel & Secretary sold 93,954 shares of the company’s stock on Apr 08 ’24. The stock was sold for $12,491,184 at an average price of $132.95. Upon completion of the transaction, the General Counsel & Secretary now directly owns 86,836 shares in the company, valued at $11.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’24, Director SLTA IV (GP), L.L.C. sold 346,931 shares of the business’s stock. A total of $46,207,922 was realized by selling the stock at an average price of $133.19. This leaves the insider owning 152 shares of the company worth $20015.36. A total of 62.78% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $44.19 and a high of $136.16.
According to the Computer Hardware Company, earnings per share came in at 1.31, beating analysts’ expectations of 0.86 by 0.45. This compares to $0.87 EPS in the same period last year. The company reported revenue of $22.32 billion for the quarter, compared to $25.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.87 percent. For the current quarter, analysts expect DELL to generate $21.66B in revenue.
