Analysts are Increasing Price Targets of These 5 Stocks

3. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 49

Shares of Dell Technologies Inc. (NYSE:DELL) rose to a nearly three-month high after the opening bell on Tuesday, November 22. The surge came after Raymond James raised its price target for the tech company from $47 per share to $50 per share following its Q3 results.

Dell Technologies Inc. (NYSE:DELL) earned $2.30 per share on an adjusted basis in Q3, smashing expectations of $1.60 per share. The quarterly revenue of $24.7 billion was also above analysts’ average estimate of $24.4 billion.

Looking forward, Dell Technologies Inc. (NYSE:DELL) expects adjusted earnings in the range of $1.50 – $1.80 per share and revenue between $23 – $24 billion for the current quarter. The outlook compares with the consensus of $1.63 per share for earnings and $24.9 billion for revenue.

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