New Buy Rating for Dell Technologies (DELL), the Technology Giant

Evercore ISI analyst Amit Daryanani maintained a Buy rating on Dell Technologies today and set a price target of $160.00. The company’s shares closed yesterday at $150.87.

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According to TipRanks, Daryanani is a top 100 analyst with an average return of 21.3% and a 67.62% success rate. Daryanani covers the Technology sector, focusing on stocks such as Apple, Dell Technologies, and Hewlett Packard Enterprise.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dell Technologies with a $157.47 average price target, representing a 4.37% upside. In a report released today, Bernstein also reiterated a Buy rating on the stock with a $180.00 price target.

Based on Dell Technologies’ latest earnings release for the quarter ending August 1, the company reported a quarterly revenue of $29.78 billion and a net profit of $1.16 billion. In comparison, last year the company earned a revenue of $25.03 billion and had a net profit of $846 million

Based on the recent corporate insider activity of 166 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DELL in relation to earlier this year. Earlier this month, SLTA V (GP), L.L.C., a Director at DELL sold 219,869.00 shares for a total of $32,338,437.15.