Dell Technologies (DELL) stock surged 8% despite missing revenue estimates in fiscal Q3, with earnings at $2.59 per share, beating expectations. Shares are down 20% from their YTD high. Management raised full-year revenue guidance to nearly $112 billion, signaling potential for growth and a break above the 100-day MA.

The revenue miss may not be a sign of overall demand slowdown, as Dell’s fundamentals remain strong. An upcoming deal with Iren (IREN) adds optimism. With a P/E ratio under 15x, Jim Cramer recommends long-term ownership. Analysts predict further upside with a consensus price target of $200, indicating a 48% potential increase.

Cramer dismisses concerns over tariffs affecting Dell’s supply chain, praising the company’s ability to navigate challenges. With a relative strength index (100-day) at 51, momentum remains positive. Wall Street analysts maintain a bullish outlook, rating Dell stock as a “Moderate Buy” with anticipated growth potential.

Read more at Yahoo Finance: Can Dell Stock Break Through Its 100-Day Moving Average on Post-Earnings Pop?