Chart of Day: Dell (DELL) Update – 6/19

Dell (SYM: DELL) has become one of the most explosive stocks on the market.

As we noted on June 17, “After gapping from $180 to $132 on earnings, analysts are saying to buy the dip on Dell’s AI story.”

At the time of the note, Dell traded at around $140. 

Today, Dell is up to $149.41 and could soon refill its gap at around $180.


Helping, Bank of America and Morgan Stanley are still bullish on the tech stock, as is Argus, which just raised its price target to $150 from $130 a share. 

As noted by Bank of America, “We reiterate Buy given that we are still in the early stages of AI adoption with continued strong pipeline and momentum around AI servers, where we think DELL will be able to capture higher AI margins over time (increased mix of Enterprise vs. CSP, and increased attack of Storage, Services).”

Even better, Morgan Stanley reiterated its overweight rating on the stock, with a $155 price target. “Mgmt meetings reconfirm Dell’s competitive advantages, provide clarify on April Q pain points, and give us greater confidence in the path forward post-F1Q earnings; Reiterate Top Pick,” said the firm, as quoted by Seeking Alpha.

deal of the month

best growth stocks


Bundle package – lifetime subscriptions for all products


Recent posts


Connect with Us

Get FREE Daily Stock Tips

Join and receive market insider stock picks, trade alerts and unique investing insights
This field is for validation purposes and should be left unchanged.
By clicking the "Subscribe" button you are accepting our Terms of Use and Privacy Policy.

Join Waitlist

We’re sorry, but due to the popularity of our services, we have reached our max number of subscribers and are not currently accepting more. If spots become available, we will be sure to contact you. Please join the waitlist below.
Thank You!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.