Yahoo Finance The Zacks Rank Explained: How to Find Strong Buy Computer and Technology Stocks
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.
Should You Buy #1 (Strong Buy)-Ranked Dell Technologies (DELL) for Your Portfolio?
Dell Technologies was upgraded to the Zacks Rank #1 list on June 29, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Dell Technologies is a leading provider of servers, storage and PCs. It offers secure, integrated solutions that extend from the edge to the core to the cloud. Dell’s IT solutions support customers both in traditional infrastructure and multi-cloud environments.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.18 to $7.82 per share. DELL also boasts an average earnings surprise of 27.7%.
Earnings are forecasted to see growth of 9.7% for the current fiscal year, and sales are expected to increase 9.4%.
Additionally, DELL has climbed higher over the past four weeks, gaining 10.2%. The S&P 500 is up 4.3% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Dell Technologies could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
