Dell receives price target boost due to Tesla's partnership, but concerns raised on growth prospects.

From Nasdaq MarketSite: 2024-05-17 08:36:00

Tesla’s (TSLA) high valuation, over 6 times sales, sparks debate among investors. Dell (DELL) receives a price target boost due to Tesla’s AI server orders, potentially adding $3 billion in revenue by 2024. Despite Tesla’s partnership, Dell’s slow growth and high stock price raise concerns about investment opportunities.

Investors question if Dell is a worthwhile buy with current growth prospects. The Motley Fool Stock Advisor team excludes Dell from their top 10 stock picks. Consider the historical success of Nvidia for insight on potential returns. Stock Advisor service offers investment guidance with a history of outperforming the S&P 500 since 2002.

For more insights and top stock picks, check out the 10 best stocks recommended by the Stock Advisor service. Despite interests in Tesla and Nvidia, Dell’s slow growth and high valuation create uncertainty for investors. The Motley Fool does not include Dell in their recommended stocks, advising caution in considering Dell Technologies for investment.



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