Dell Likely To Report Lower Quarterly Earnings, Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Dell Technologies Inc. DELL is scheduled to release its financial results for the latest quarter after the closing bell on March 2, 2023.

Analysts expect the company to post quarterly earnings at $1.64 per share on revenue, down from $1.72 per share in the year-ago period. The company’s revenue might come in at $23.48 billion.

Dell shares fell 0.5% to close at $40.44 on Wednesday and added 0.3% in after-hours trading.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Erik Woodring maintained an Equal-Weight rating and raised the price target from $45 to $47 on Feb. 21, 2023. This analyst sees around 16% upside in the company’s stock and has an accuracy rate of 44%.
• Credit Suisse analyst Shannon Cross maintained an Outperform rating on Nov. 22, 2022, and cut the price target from $56 to $53. This analyst sees around 31% upside in the company’s stock and has an accuracy rate of 56%.
• Raymond James analyst Simon Leopold maintained an Outperform rating and raised the price target from $47 to $50 on Nov. 22, 2022. This analyst sees around 24% upside in the company’s stock and has an accuracy rate of 63%.
• Wells Fargo analyst Aaron Rakers maintained an Overweight rating on Nov. 22, 2022, and slashed the price target from $58 to $52. This analyst sees over 29% upside in the company’s stock and has an accuracy rate of 83%.
• UBS analyst David Vogt maintained a Buy rating and cut the price target from $65 to $60 on Nov. 22, 2022. This analyst sees over 48% upside in the company’s stock and has an accuracy rate of 70%.

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