Why Dell Stock Was Crushing the Market This Week
Being tagged as a top stock pick can do wonders for a company's share price. For proof, just look at Dell's (NYSE: DELL) run-up in the past few days. The tech hardware company's shares ballooned by 19% in price week to date as of late Thursday evening, according to data compiled by S&P Global Market Intelligence.
Much of Dell's lift over the period was due to that selection. Before market open on Thursday, JPMorgan Chase flagged the company as one of its new top picks, adding it to its Analyst Focus List.
The bank's rationale is that Dell has suffered disproportionally from investor concerns about tightening margins in the segment of computer servers capable of handling significant artificial intelligence (AI) functionalities. Because of this, the company's analysts believe, Dell stock was punished more than other AI-associated titles in the recent investor pullback from AI stocks.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 35 Buy predictions and no Sell predictions.
With a target price of 202 € there is a slightly positive potential of 4.23% for JPMorgan Chase & Co. compared to the current price of 193.8 €.
