Dell Technologies stock hit an all-time high this month at over $ 76 per share as the PC business skyrockets with solid sales growth and innovation slated for 2021 despite the global COVID-19 pandemic.
Texas-based infrastructure giant Round Rock’s $ 92 billion in DELL stock is currently trading at $ 76.61 per share, up a whopping 53 percent from Dell’s stock price of $ 49.83. Dollars a year ago. Dell Technologies has several positive tailwinds ahead of it in 2021, including the strongest PC market in a decade, new as-a-service offerings, and the likely spin-off from VMware.
Last month, global investment firm Citi named Dell stock as a top pick for 2021. Jim Suva, IT hardware analyst for Citi, named Dell its top stock for the year and added Dell to the company’s US focus list. He said there were near-term growth opportunities for Dell for PCs, with corporate demand likely to spike in the second half of 2021.
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