What Wall Street Analysts Think of Dell’s Stock Ahead of Earnings [Video]

Dell (DELL) is set to report third-quarter earnings after the market closes Tuesday, with analysts anticipating sales and profit gains from the year prior, but little further appreciation for the stock.

Of the 10 analysts covering the stock tracked by Visible Alpha, eight have a “buy” or equivalent rating, compared to two “hold” ratings. However, their consensus price target of $145 would imply less than 1% upside from Friday’s closing price. 

Wall Street expects Dell to report third-quarter revenue of $24.68 billion, an 11% rise year-over-year, and net income of $1.02 billion or $1.42 per share, up from $1 billion or $1.36 per share a year ago.

Morgan Stanley analysts told clients in a note Thursday they “don’t expect much upside” from Dell’s third-quarter earnings, but suggested the company could see more growth in 2025 from artificial intelligence (AI) servers. Dell makes servers that utilize Nvidia (NVDA) AI chips, drawing a shoutout…