Dell Technologies Growth Strategy
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Growth investingTipRanks
•Is Dell Technologies (NYSE:DELL) a Buyable Growth Stock?
83% Informative
Dell Technologies ( DELL ) could be a worthwhile growth stock to buy now.
Dell posted $25 billion in net revenue for the quarter , up 9.1% from the prior year .
The company envisions its total addressable market expanding from $1.2 trillion in 2019 to $2.1 trillion by 2027 , driven by segments like servers and storage.
Dell 's outlook further supports my Buy rating on the stock.
Analysts have a Strong Buy consensus on Dell , based on 15 Buys and three Holds .
The average 12-month DELL price target of $ 144.59 suggests 5% upside potential.
Dell’s Infrastructure Solutions Group is thriving, likely supporting solid earnings growth for years to come.
Plus, its dividend is well-covered with room for future increases.
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