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Dell Technologies Plunges 7.16% Amid Morgan Stanley's Price Target Cut
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 3, 2025 6:09 am ET1min read
On April 3, 2025, Dell Technologies' stock price dropped by 7.16% in pre-market trading.
Dell Technologies' recent stock performance has been influenced by several key factors. The company's share price saw a 2.5% increase last week, driven by Fluidstack's announcement of deploying Exascale clusters. This development highlights Dell Technologies' strategic partnerships and technological advancements, which have positively impacted investor sentiment.
Additionally,
adjusted its price objective for , reducing it from $154.00 to $128.00 while maintaining an "overweight" rating. This adjustment reflects the firm's assessment of the company's current market position and future growth prospects. Despite the recent price drop, Dell Technologies continues to be viewed favorably by analysts, indicating confidence in its long-term potential.
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