DELL Bucks Yearly Trend, Surges Upwards Today.

By Emilio Sanchez • Tuesday, November 22 15:31 • Permanent Link

Rocketing to a price of $43.83 during today's afternoon trading session, shares of Dell Technologies are still -17.25% below their average target price of $52.96. Could there be more upside potential for the stock? Analysts are giving DELL an average rating of buy and target prices ranging from $39 to $72 dollars per share.

The market seems to share this optimistic view, since Dell Technologies has a short interest of only 3.5%, with each short position represents an investor's expectation that the price of the stock will decrease in the future.

Another way to get an idea of the market sentiment on a stock is to check its rate of institutional ownership. In the case of Dell Technologies, institutional investors own 77.1% of the shares. This would indicate a positive sentiment towards the stock among institutions. What does this really tell us?

We see mixed market sentiment regarding Dell Technologies because of its an analyst consensus of some upside potential, a buy rating, an average amount of shares sold short, and an average number of institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.