Market Movers

Dell Technologies Inc.’s Stock Price Plummets to $124.38, Marking a Sharp 12.25% Decline

By November 28, 2024 No Comments

Dell Technologies Inc. (DELL)

124.38 USD -17.36 (-12.25%) Volume: 37.47M

Discover Dell Technologies Inc.’s stock price performance with its current stock price at 124.38 USD, experiencing a trading session drop of -12.25%, an impressive trading volume of 37.47M, and a remarkable YTD increase of +62.59%. Explore the lucrative opportunities with DELL’s dynamic market performance.


Latest developments on Dell Technologies Inc.

Today, Dell Technologies stock experienced significant movements following a series of key events. Analysts reiterated buy ratings on Dell Technologies (DELL) stock after its Q3 earnings beat estimates but reported sales that missed expectations. Despite a setback in the PC market, Wall Street remains optimistic about the company’s anticipated earnings and revenue growth. However, Dell’s stock price plummeted by 11% after the company warned that AI spending would not be linear. Insider selling of $5.5 billion of stock also raised caution among investors. Despite strong AI business growth, Dell’s revenue outlook fell short, leading to a 12% drop in stock price. With a lowered price target from Citi, Dell Technologies faces challenges ahead in the market.


Dell Technologies Inc. on Smartkarma

Analysts on Smartkarma have been closely monitoring Dell Technologies, with varying sentiments reflected in their research reports. Tech Supply Chain Tracker‘s report on HP preparing for potential changes in leadership and supply chain in North America due to “Trump 2.0” lean towards a bearish outlook. On the other hand, another report from the same provider highlights Taiwan’s semiconductor industry growth, with TSMC’s strong revenue performance in the third quarter of 2024, presenting a bullish perspective. Moreover, Baptista Research’s analysis on Dell Technologies’ robust performance in the second quarter of fiscal year 2025, driven by advancements in AI technology and strong server sales, also indicates a bullish sentiment among analysts.


A look at Dell Technologies Inc. Smart Scores

FactorScoreMagnitude
Value0
Dividend4
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Dell Technologies has a positive long-term outlook. With high scores in Growth, Resilience, and Momentum, the company is positioned well for future success. The high scores in Dividend also indicate that Dell is providing good returns to its shareholders, which can be a positive sign for investors looking for stable income.

Dell Technologies Inc. is a company that provides a wide range of computer products, including laptops, desktops, tablets, servers, and networking products. With a strong presence in the market and a focus on innovation, Dell is well-positioned to continue its growth and success in the technology industry. The high scores in Resilience and Momentum suggest that Dell is able to adapt to changing market conditions and maintain strong performance over time.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars