Analysts set Dell stock price target for the next 12 months

Bernstein raised its 12-month Dell price target to $500 from $280 and maintained an Outperform rating after what it described as "exceptionally strong" quarterly results. The move signals materially improved expectations for Dell's fundamentals and near-term outlook. This is supportive for the stock, though it is still analyst-driven rather than a company event.

Analysis

Bernstein raised its 12-month Dell price target to $500 from $280 and maintained an Outperform rating after what it described as "exceptionally strong" quarterly results. The move signals materially improved expectations for Dell's fundamentals and near-term outlook. This is supportive for the stock, though it is still analyst-driven rather than a company event.