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.