Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Dell Technologies (NYSE: DELL ) has cemented its status as a leading force in the technology sector with its IT hardware, software, and services. However, the past year has proven to be a rollercoaster ride for Dell's stock price.
Dell Technologies Inc. (NYSE:DELL ) Corporate Sustainability Investor Call July 31, 2024 4:00 PM ET Company Participants Hall Butler – Senior Director-Investor Relations Cassandra Garber – Vice President and Head-Corporate Sustainability and ESG Alyson Freeman – Customer Innovation Lead, Corporate Sustainability and ESG Conference Call Participants Hall Butler Hello, everyone, and welcome to our Fifth Annual Investor Call Covering Dell Technologies Corporate Sustainability. I'm Hall Butler, Senior Director of Investor Relations here at Dell, and we appreciate you joining us.
Although acquiring nominally cheap securities doesn't necessarily mean anything, targeting undervalued stocks is another ballgame. By undervalued, we're talking about enterprises that should be priced higher thanks to various factors.
Dell Technologies (DELL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The rout in technology stocks continues with the Nasdaq Composite index recently falling 3% in a single trading session and experiencing its worst selloff in nearly two years. With interest rates expected to be lowered starting this September, investors are shifting capital into small-cap stocks and value names that are likely to benefit from a reduction in borrowing costs.
In the most recent trading session, Dell Technologies (DELL) closed at $113.56, indicating a +1.91% shift from the previous trading day.
Although not a computer science expert, I know enough to understand that AI doesn't mean cognition, it really means “more” and “better”. Accordingly, companies tied to selling “more” and “better” will be the ones to truly profit from AI. Dell, at the threshold of a major and potentially prolonged AI-inspired hardware upgrade cycle, will be such company.
There are many great reasons to buy Dell Technologies (NYSE: DELL ) stock, especially with the share price having pulled back in recent months. Dell stock has fallen nearly 30% since it hit a 52-week high at the end of May this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Wall Street investors are looking for potential gains in niche segments, such as consumer tech stocks, especially this earnings season. Consumer technology, encompassing devices and software for the general public, has a profound history of transforming our lives.
Zacks.com users have recently been watching Dell Technologies (DELL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.