Dell Technologies Stock Forecast A Negative Outlook

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Dell Technologies' Stock Forecast: A Negative Outlook

Analysts Predict a Downward Trend in the Coming Month

According to a recent analysis, the Dell Technologies Inc (DELL) stock price forecast for the next 30 days is generally negative. The average analyst price target is 108.76, indicating a potential decline from the current market value. This forecast is based on research reports from 15 Wall Street equities research analysts.

Investors May Hesitate Due to Recent Gains

Investors may be hesitant to purchase Dell stock due to its recent significant gains. The stock price has risen substantially in recent months, leading to concerns that it may be too late to capitalize on its potential growth. As of May 28, 2024, at 4:00 pm, Dell stock was trading at $430 per share.

Artificial Intelligence Fuels Investor Excitement

Despite the negative forecast for the short term, investors remain excited about the company's potential in the field of artificial intelligence (AI). Dell Technologies is a leading provider of AI-powered solutions, which are expected to drive growth in the coming years.

One-Year Price Target and Recommendation

The average twelve-month stock price forecast for Dell is $142.91, suggesting a potential upward trend in the longer term. However, analysts recommend caution in the current market environment. The recommendation for Dell stock on the New York Stock Exchange (NYSE) is "Buy or Sell," indicating a neutral stance.