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Benzinga

Business

Henry Khederian

What's Going On With Dell Technologies Stock?

Dell Dell Technologies Wamsi Mohan Dell Technologies Inc

Dell

Shares of Dell Technologies Inc (NYSE:DELL) are trading flat Thursday afternoon after being swept up in broader market weakness on Wednesday that impacted technology and AI-related stocks. This volatility comes just a week before the company’s fiscal second-quarter earnings report, scheduled for release on Thursday, August 28.

What To Know: Despite the stock pulling back 9% over the past week, analyst commentary paints a positive picture for Dell’s AI server business. Bank of America analyst Wamsi Mohan recently reiterated a Buy rating on the stock, maintaining a price target of $165.

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