Dell Stock Is Up 331% Over the Past Year and Still Could Run Higher

• Dell Technologies (DELL) has surged to an all-time high of $567.75, delivering a 331% gain over the past year.
• DELL maintains a 100% “Buy” technical opinion from Barchart.
• Fundamentals remain compelling with 70.49% projected revenue growth and 151.3% earnings growth this year.
• Analyst sentiment is overwhelmingly positive, with multiple “Strong Buy” ratings and price targets up to $793.

Today’s Featured Stock

Author’s Note: I wrote about Dell back on April 22 when the stock traded at $214.44. However, it came up again on my screener when it made a new all-time high and traded at $567.75 on Sept. 11. I hope you were in for that $353.31 ride. Nice gain! 

Valued at $367 billion, Dell Technologies (DELL) is a provider of information technology solutions. 

What I’m Watching

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. DELL checks those boxes. The Trend Seeker issued a new “Buy” signal on Aug. 12. The stock gained 8.77% since that signal.

Barchart’s Technical Indicators for Dell Technologies

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

Dell Technologies scored an all-time high of $567.75 on Sept. 11.

• Dell has a Weighted Alpha of 265.83.
• DELL has a 100% “Buy” opinion from Barchart.
• The stock has gained 331.87% over the past 52 weeks.
• Dell has its Trend Seeker “Buy” signal intact.
• The stock recently traded at $542.60 with a 50-day moving average of $451.86.
• DELL had 7 highs and gained 10.02% in the last month.
• 60-month beta of 1.34.
• Relative Strength Index (RSI) is at 60.95.
• There’s a technical support level around $533.95.

Don’t Forget the Fundamentals

• $367 billion market capitalization.
• 32.7x trailing price-earnings ratio.
• 0.47% dividend yield.
• Revenue is projected to grow 70.49% this year and another 14.77% next year.
• Earnings are estimated to increase by 151.30% this year and an additional 10.77 next year.

Analyst and Investor Sentiment on Dell Technologies

• The Wall Street analysts followed by Barchart give the stock 18 “Strong Buy,” 3 “Moderate Buy,” and 7 “Hold” opinions with price targets from $465 to $735.
• Value Line rates the stock “Highest” with price targets of $171 to $793.
• Morningstar thinks the stock is fairly valued.
• CFRA’s MarketScope rates the stock as “Strong Buy” with a price target of $613.
• 124,310 investors are following the stock on Seeking Alpha, which rates it a “Hold.”
• TipRanks’ analysts’ price targets are between $500 and $735 with a consensus of $597.53.
• Short interest is 2.16% of the float with 2.38 days to cover the float.

The Bottom Line on Dell Technologies

Dell is one of the most followed companies around. With lots of “Strong Buy” ratings and price targets above today’s price, it still has room to run. The short interest is only 2.16% of the float so most of the big money is not betting against it. I sure hope you got in back in April when I featured it then.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculate should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.

On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.