Dell Technologies Stock Price Forecast: Analysts Predict Potential Decline

Wall Street Analysts' Predictions

On average, Wall Street analysts forecast that Dell Technologies' (DELL) share price could fall to $142.91 by May 28th, 2024. This prediction is based on short-term price targets provided by 15 analysts.

Recent Market Performance

As of the previous close on May 24th, 2023, DELL's stock price stood at $146.86. Over the past year, the stock has fluctuated significantly, reaching a record high in March 2023.

Analyst Forecasts

According to Simply Wall St., the average 12-month price target for DELL is around $146.86, with a range between $125.00 and $170.00. The 19 analysts offering 1-year price forecasts have varying opinions, with some expecting a potential decline and others predicting a rise in the stock's value.

Factors Influencing the Forecast

The analysts' predictions consider various factors, including DELL's financial performance, industry trends, and overall market conditions. Recent earnings reports have highlighted a surge in demand for AI servers, but concerns remain about margin pressures.

Conclusion

The Wall Street analysts' predictions indicate a potential decline in Dell Technologies' share price over the short term. However, it is important to note that these forecasts are subject to change and should be considered alongside other factors when making investment decisions. Investors should closely monitor DELL's financial performance and market developments to make informed choices.