What Wall Street Analysts Think of Dell’s Stock Ahead of Earnings | Global News Avenue

Dell (Dell) is set to report third-quarter earnings after the market close on Tuesday, and analysts expect sales and profits to rise from a year ago, but that the stock won’t appreciate further.

Eight of the 10 analysts tracked by Visible Alpha have a “buy” or equivalent rating, while two analysts have a “hold” rating. However, their consensus price target of $145 implies less than 1% upside from Friday’s closing price.

Wall Street expects Dell’s third-quarter revenue to be $24.68 billion, up 11% year-on-year, and net profit to be $1.02 billion, or $1.42 per share, up from $1 billion, or $1.36 per share, a year ago.

Morgan Stanley analysts told clients in a note Thursday that they “don’t expect much upside to Dell’s third-quarter earnings,” but suggested the company could see more growth in 2025. Artificial Intelligence (AI) server. Dell makes servers powered by Nvidia (NVDA) AI chip, draw a shout out The chipmaker spoke during its earnings call on Wednesday.

For now, analysts said results could be hampered by “sub-seasonal trends in the PC market” and “flat” quarter-over-quarter growth in AI servers. Morgan Stanley maintains Dell’s “overweight” rating and a target price of $154.

Dell shares have risen nearly 90% since the beginning of the year, closing at $144.21 on Friday.