Dell Technologies Inc (NYSE:DELL) shares are trading higher on Wednesday after UBS raised its price target on the stock to $455 from $440, adding to a string of recent analyst target increases. Here’s what you need to know.
Dell Technologies stock is showing upward movement. Why are DELL shares climbing?
UBS Raises its Target, Joining a Wave of Price Target Increases
UBS analyst David Vogt kept his Neutral rating in place on Dell, but nudged his price target up to $455 from $440. He wasn’t alone this month: Morgan Stanley stuck with its Equal-Weight rating while pushing its target to $434 on Aug. 24, and Evercore ISI held firm on its Outperform call while raising its own target to $550 on Aug. 19.
Zoom out to the full analyst pool and Dell carries a Buy consensus, with 44 analysts averaging a price target near $491, though individual calls swing wildly, from as low as $280 to as high as $700. That kind of spread points to real disagreement under the surface: some analysts think Dell still has plenty of room to climb, others worry the stock has gotten ahead of itself on valuation.
