According to ME News, on June 1 (UTC+8), Morgan Stanley announced an increase in Dell’s target price from $170 to $448. As of the time of this report, Dell shares rose 1.32% in pre-market trading, following a 32.76% gain in the previous trading session. Previously, “new stock god” Serenity posted that Trump has publicly mentioned Dell multiple times this year and has personally purchased between $1 million and $5 million worth of Dell stock. After Intel’s performance, it should have been foreseeable that Dell would deliver earnings far exceeding expectations. Serenity believes that, following Dell’s better-than-expected results, market attention may shift to its upstream supply chain. He noted that even if investors feel they have missed the Dell rally, they can still consider related upstream suppliers, as the market may not yet have fully priced in the potential beneficiaries of Dell’s earnings growth. (Source: BlockBeats)
Morgan Stanley raises Dell's target price to $448 from $170.
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Summary
Morgan Stanley raised its price target for Dell to $448 from $170, following a 32.76% gain in the previous trading session and a 1.32% increase in pre-market trading. Analysts cited strong earnings and potential supply chain advantages. Serenity noted former President Trump’s public endorsement and purchases of Dell stock ranging from $1 million to $5 million. Investors are advised to monitor upstream suppliers for additional price movement.
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