What Wall Street's Most Accurate Analysts Are Saying About Dell Before Earnings

MarketDash Editorial Team
13 days ago
Dell Technologies reports third-quarter earnings Tuesday after market close, with analysts expecting significant year-over-year growth. Here's how the most accurate analysts are positioning ahead of the results.

Dell Technologies Inc. (DELL) is set to report third-quarter earnings results Tuesday after the closing bell, and Wall Street's most accurate analysts have been busy adjusting their expectations.

The Round Rock, Texas-based company is expected to deliver solid year-over-year growth, with analysts projecting earnings of $2.48 per share compared to $2.15 in the same quarter last year. Revenue estimates sit at $27.29 billion, up from $24.37 billion a year earlier, according to market data.

Dell has a pretty strong recent track record when it comes to beating expectations. The company topped revenue estimates in seven of the past 10 quarters, including the last two straight. That's the kind of consistency that tends to make investors pay attention.

Shares rose 3.8% Monday, closing at $127.22 as traders positioned ahead of the earnings release.

What the Top Analysts Are Saying

Here's where things get interesting. The analysts with the best accuracy ratings have very different views on where Dell is headed:

B of A Securities analyst Wamsi Mohan, who carries an 80% accuracy rate, maintained a Buy rating on November 20 and lifted his price target from $160 to $170. That's a vote of confidence from someone with a solid track record.

JP Morgan analyst Samik Chatterjee kept an Overweight rating and raised his target from $165 to $170 on November 17. With a 78% accuracy rate, Chatterjee is clearly bullish on the company's prospects.

But not everyone is drinking the same optimism. Morgan Stanley analyst Erik Woodring made waves on November 17 by downgrading the stock from Overweight to Underweight and slashing his price target from $144 to $110. That's a significant shift from a 76% accuracy analyst, and it stands in stark contrast to his peers.

Raymond James analyst Simon Leopold maintained an Outperform rating and increased his target from $152 to $161 on October 21. Leopold's 74% accuracy rate adds weight to his continued optimism.

Finally, Argus Research analyst Jim Kelleher went big on October 9, maintaining a Buy rating while raising his price target from $150 all the way to $200. That's the highest target among this group, coming from an analyst with a 73% accuracy rate.

The spread between the most bearish target ($110) and the most bullish ($200) tells you everything you need to know about the divergence in opinion on Dell right now. It's not often you see such a wide range among highly rated analysts, which should make Tuesday's earnings call particularly interesting to watch.

What Wall Street's Most Accurate Analysts Are Saying About Dell Before Earnings

MarketDash Editorial Team
13 days ago
Dell Technologies reports third-quarter earnings Tuesday after market close, with analysts expecting significant year-over-year growth. Here's how the most accurate analysts are positioning ahead of the results.

Dell Technologies Inc. (DELL) is set to report third-quarter earnings results Tuesday after the closing bell, and Wall Street's most accurate analysts have been busy adjusting their expectations.

The Round Rock, Texas-based company is expected to deliver solid year-over-year growth, with analysts projecting earnings of $2.48 per share compared to $2.15 in the same quarter last year. Revenue estimates sit at $27.29 billion, up from $24.37 billion a year earlier, according to market data.

Dell has a pretty strong recent track record when it comes to beating expectations. The company topped revenue estimates in seven of the past 10 quarters, including the last two straight. That's the kind of consistency that tends to make investors pay attention.

Shares rose 3.8% Monday, closing at $127.22 as traders positioned ahead of the earnings release.

What the Top Analysts Are Saying

Here's where things get interesting. The analysts with the best accuracy ratings have very different views on where Dell is headed:

B of A Securities analyst Wamsi Mohan, who carries an 80% accuracy rate, maintained a Buy rating on November 20 and lifted his price target from $160 to $170. That's a vote of confidence from someone with a solid track record.

JP Morgan analyst Samik Chatterjee kept an Overweight rating and raised his target from $165 to $170 on November 17. With a 78% accuracy rate, Chatterjee is clearly bullish on the company's prospects.

But not everyone is drinking the same optimism. Morgan Stanley analyst Erik Woodring made waves on November 17 by downgrading the stock from Overweight to Underweight and slashing his price target from $144 to $110. That's a significant shift from a 76% accuracy analyst, and it stands in stark contrast to his peers.

Raymond James analyst Simon Leopold maintained an Outperform rating and increased his target from $152 to $161 on October 21. Leopold's 74% accuracy rate adds weight to his continued optimism.

Finally, Argus Research analyst Jim Kelleher went big on October 9, maintaining a Buy rating while raising his price target from $150 all the way to $200. That's the highest target among this group, coming from an analyst with a 73% accuracy rate.

The spread between the most bearish target ($110) and the most bullish ($200) tells you everything you need to know about the divergence in opinion on Dell right now. It's not often you see such a wide range among highly rated analysts, which should make Tuesday's earnings call particularly interesting to watch.

    What Wall Street's Most Accurate Analysts Are Saying About Dell Before Earnings - MarketDash News