Dell Technologies shares fell 2.92% to $240.64, underperforming a broader market where major indices dropped nearly 1%. Technology stocks led the decline during the session.
JPMorgan reiterated an Overweight rating on Dell with a $280 price target. The firm expects the company to raise FY27 guidance based on robust demand for AI servers.
Zacks reports that Dell shares gained 28.4% over the past month, compared to a 7.7% return for the Zacks S&P 500 composite. Consensus estimates project current-quarter EPS of $3.18, marking a 105.2% year-over-year increase.
The stock currently holds a Zacks Rank #2 (Buy) and a valuation grade of B. Analysts suggest Dell continues to trade at a discount to its peers despite recent gains.