Dell Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call Texas, Avi Kapoor, Round Rock, Benzinga Pro, Benzinga Staff Writer, Delaware Supreme Court, Dell Technologies Inc., The Analyst Stock Ratings page, Citigroup analyst Asiya Merchant, JP Morgan analyst Samik Chatterjee, Morgan Stanley analyst Erik Woodring, B of A Securities analyst Wamsi Mohan, Ev.. by https://www.benzinga.com/
AI Insights:
Simple Explanation:
dell is a big computer company. they are going to tell people how much money they made in the last few months. some people who work for other companies think dell will make less money than before. dell might have to pay some other companies a lot of money because of some problems. but, overall, people still like dell's computers. Read from source...
Critical Perspective:
the gamification of Dell's earnings report projections led by the most accurate analyst ratings. Inconsistencies such as Amit Daryanani maintaining an Outperform rating with a price target of $140, while Wamsi Mohan maintained a Buy rating but slashed the price target from $180 to $150. Biases such as JP Morgan analyst Samik Chatterjee maintaining an Overweight rating and raising the price target from $155 to $160. Irrational arguments such as the Delaware Supreme Court ruling that five law firms should receive $267 million in legal fees for securing a $1 billion settlement for Dell Technologies shareholders. Emotional behavior such as the fluctuating stock prices, which fell 0.3% to close at $111.56 on Wednesday.
Investment Analysis:
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1. Dell Technologies Inc. (DELL) is set to announce its Q2 earnings after the closing bell on August 29, 2024. Analysts estimate earnings at $1.71 per share and revenue of $24.14 billion. This recommendation comes with the caveat that recent legal fees amounting to $267 million may impact earnings.
2. Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating with a price target of $140.
3. B of A Securities analyst Wamsi Mohan maintained a Buy rating and reduced the price target from $180 to $150.
4. Morgan Stanley analyst Erik Woodring maintained an Overweight rating and lowered the price target from $155 to $142.
5. Citigroup analyst Asiya Merchant maintained a Buy rating and lowered the price target from $170 to $155.
6. JP Morgan analyst Samik Chatterjee maintained an Overweight rating and increased the price target from $155 to $160.
**Risks**: Dell's legal fees may result in a variance between expected and actual earnings. Additionally, shifts in market conditions, geopolitical events, and regulatory policies may influence Dell's business operations and financial performance.
For a more detailed analysis, refer to the article on Benzinga titled `Dell Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call`.