Dell forecasts downbeat fourth-quarter revenue on PC weakness

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Dell (DELL) PT Lowered to $156 at Citi

November 27, 2024 5:33 AM EST

Citi analyst Asiya Merchant lowered the price target on Dell (NYSE: DELL) to $156.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "Dells shares traded down ~10% as reported revenues/guide missed expectations, largely on AI revenues (timing related) and more tempered... More