tech
Dell is back on Josh Brown's Best Stocks list. Why more gains are ahead
Josh Brown and Sean Russo look at how Dell made it back into the Best Stocks list, and where it's going from here.
TL;DR
- Dell's stock has broken out to new 52-week highs after a period of consolidation.
- The company is now a key provider of infrastructure for the AI boom, offering end-to-end solutions for data centers.
- Dell has seen significant growth in AI-related orders, with projections for substantial future revenue increases.
- Analysts highlight the stock's attractive valuation despite expected earnings growth.
- Technical analysis suggests a strong breakout, though short-term risks of consolidation exist.
- For investors, the long-term uptrend remains intact as long as the stock stays above the 200-day moving average.