New Buy Rating for Dell Technologies (DELL), the Technology Giant

In a report released today, Katherine Murphy from Goldman Sachs reiterated a Buy rating on Dell Technologies, with a price target of $195.00.

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According to TipRanks, Murphy is a 2-star analyst with an average return of 6.1% and a 75.00% success rate. Murphy covers the Technology sector, focusing on stocks such as Dell Technologies, HP, and Hewlett Packard Enterprise.

In addition to Goldman Sachs, Dell Technologies also received a Buy from TipRanks – OpenAI’s OpenAI Computer Hardware in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on Dell Technologies (NYSE: DELL).

Based on Dell Technologies’ latest earnings release for the quarter ending January 30, the company reported a quarterly revenue of $33.38 billion and a net profit of $2.26 billion. In comparison, last year the company earned a revenue of $23.81 billion and had a net profit of $1.53 billion

Based on the recent corporate insider activity of 191 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DELL in relation to earlier this year. Last month, William Scannell, the CCO of DELL sold 143,067.00 shares for a total of $23,606,055.00.