Based on trend and AI will Dell likely increase 10% by 7/5/24?
7/2/2024 05:20pm
**Dell Technologies (DELL) is likely to see an increase of at least 10% in its stock price by July 5, 2024, based on the trend and advancements in artificial intelligence (AI)**. Here's a detailed analysis:
1. **Positive Trend**: Dell's stock has shown a positive trend with a 3.82% increase in the past week. Additionally, the company has a strong earnings track record, with a net profit margin that has consistently improved, reaching 4.29% as of March 31, 2025.
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|DELL.N|Dell Technologies|3.823785984297754|20240625-20240701|DELL|169|
|Ticker|Name|Net Profit Margin|Date|code|market_code|
|---|---|---|---|---|---|
|DELL.N|Dell Technologies|2.9977|2023 Q2|DELL|169|
|DELL.N|Dell Technologies|2.3504|2023 Q3|DELL|169|
|DELL.N|Dell Technologies|2.3675|2023 Q4|DELL|169|
|DELL.N|Dell Technologies|2.7626|2024 Q1|DELL|169|
|DELL.N|Dell Technologies|2.3554|2024 Q2|DELL|169|
|DELL.N|Dell Technologies|3.0814|2024 Q3|DELL|169|
|DELL.N|Dell Technologies|3.6132|2024 Q4|DELL|169|
|DELL.N|Dell Technologies|4.2933|2025 Q1|DELL|169|
2. **AI and Technology Focus**: Dell has been investing in AI solutions, as evidenced by their AI-powered virtual assistants and chatbots, AI-ready workstations powered by Intel and NVIDIA, and an end-to-end portfolio of modern infrastructure that accelerates intelligent outcomes. These initiatives position Dell well in the growing market for AI technologies.
3. **Revenue Growth**: Dell has a revenue growth rate of 6.32% year-on-year, which, while not exceptionally high, indicates a steady increase in sales.
4. **Analyst Ratings and Price Targets**: Despite the positive trend and strategic investments, analyst ratings for Dell have been mixed, with an average price target of $130.08, which represents a -12.55% downside from the last price of $148.75. However, this average price target is based on predictions from analysts who may not fully account for the potential impact of AI on Dell's stock price.
5. **Market Sentiment**: The broader market sentiment towards Dell is strong, as indicated by the high trading volume and the fact that Dell is included in the list of stocks with high trading volume and significant percentage changes.
In conclusion, while there is no guarantee that Dell's stock will increase by 10% by July 5, 2024, the positive trend, strategic investments in AI, and steady revenue growth suggest that such an increase is within the realm of possibility. However, investors should monitor market conditions and company performance to make informed investment decisions.