Dell stock ( NYSE:DELL ) was expected to have a lackluster start to the week after Jefferies analyst Kyle McNealy handed the computer technology business a fresh stock rating of hold. According to McNealy, server shipments from business clients appear to be “stabilizing,” which should be good for Dell (DELL) in 2019. According to McNealy, he does not anticipate Dell’s ( NYSE:DELL ) market share in servers “becoming significantly smaller than it is currently.”
Developments behind Dell stock forecast
Regarding computers, McNealy claimed that over the previous four quarters, Dell’s ( NYSE:DELL ) PC business had increased by 17% to 35%, which he claimed reflected “the post-pandemic turning point.”
The client solutions group, which Dell ( NYSE:DELL ) refers to as its PC business, may have some pressure on profit margins, according to McNealy, who said that recent reports regarding widespread PC market downturn suggest. If the PC market continues to decline, such earnings pressure “may become more serious,” according to McNealy. Additionally, McNealy projects a $39 per share price for Dell’s ( NYSE:DELL ) stock.
Although Wall Street analysts and Seeking Alpha authors rate Dell’s stock ( N...
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