On August 13, Dell Technologies Inc. rose 3.59% in regular trading, trading at $513.62/share, with turnover of $568 million.
On the news front, Goldman Sachs raised its target price on Dell from $500 to $510 on August 12, maintaining a Buy rating, effectively offsetting bearish sentiment from Morgan Stanley's earlier downgrade from $477 to $430 on August 11, which had triggered a 5%+ decline. According to FactSet, the analyst consensus rating on Dell is Overweight, with a mean target price of $506.14.
Additionally, Lenovo Group reported strong earnings results, driving a broad rally among U.S.-listed AI server suppliers. Dell, as a key participant in the AI server space, benefited from sector linkage effects. Peer Super Micro Computer gained 4.6% on the same day, reinforcing positive sentiment across the hardware segment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)