Dell Technologies is in a bullish run, quickly approaching its 52-week high of $106.26. The stock performance beats its peer performance by more than 290% in the past 12 months.
Dell Technologies is one of the market movers beating its peers and quickly approaching its 52-week high. Several technical and fundamental indicators point toward higher valuation, but how risky is this stock?
To find out whether you should buy Dell Technologies right now, keep reading.
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What Is Dell Technologies?
Dell Technologies is a popular American technology company. Its main products include computers, smartphones, software, TVs, and information and computer security services.
Should I Buy Dell Technologies Today?
Dell Technologies is up 45.18% YTD. Since February 2021, the company has hit new records each quarter, which fueled its bullish run. Despite the well-known chip shortages this year, the company retained its ability to ship a record number of products. This was thanks to its flawless supply chain relationships that allowed them to minimise the negative impact on customers, unlike many other tech businesses.
In the long term, Dell Technologies may benefit from robust opportunities. For instance, it aims to expand its telecommunications software and remote access solutions, taking advantage of the new remote work opportunities created by the pandemic.
Dell Technologies Price Prediction 2021
Dell Technologies is expected to reach an all-time high of $137 in the next 12 months, while the lowest forecast is $101, approximately a 4% decrease compared to the share price as of this writing.
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