From Nasdaq: 2024-06-04 19:29:00

After a significant -18% drop in Dell Technologies DELL stock following Q1 results, the dip is now seen as a buying opportunity. Q1 EPS of $1.27 exceeded expectations by 1%, despite a -4% decline. With soaring stock prices and positive earnings estimates, buying Dell stock at a 16.9X forward earnings multiple seems advantageous.

Dell’s recent correction resulted in +72% YTD gains and +200% gains over the last year, outperforming the broader market. With a 16.9X forward earnings multiple, Dell trades at a discount to industry averages and offers 14% upside potential from the average price target of $151.07 per share. Earnings estimates remain favorable for the company’s growth.

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Read more at Nasdaq: Time to Buy the Post Earnings Dip in Dell Technologies (DELL) Stock