Jim Cramer, the notable former hedge manager and a stock expert, has once again struck the stock domain with his compelling words of adoration. Cramer showered generous words of praise for Dell Technologies, adding how he is lucky to invest alongside Michael Dell, CEO of Dell Technologies.
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Dell Technologies: A Stock Highlight
Dell Technologies is a leading American multinational tech company, which has established its robust positioning in the global technology domain. The firm offers a wide range of products to its users mainly consisting of computers, servers, monitors, computer software, etc. Cramer dubbed Dell as one of the finest stocks to stash, adding how its recent collaboration with Nvidia is lucrative in many ways. The collaboration will assist businesses in leveraging the combined services of both Dell and Nvidia advanced servers, storage, networking, and workstations to ensure the best AI usage and implementation for businesses across the board.
In addition to this, Cramer emphasized how great Michael Dell, the CEO of Dell Technologies, going a mile ahead to claim how he’s lucky to be investing alongside him.
“After the close, we have some big tech names reporting, including some that we own for the Charitable Trust. CrowdStrike, Dell Technologies, Workday. I think we might see these go 3, 4, 3… Dell is the best partner of Nvidia when it comes to [the] implementation of Blackwell. Which is the new generation of AI chips. I buy some now and then I buy some after it pulls back. And hey, if the stock doesn’t come in after, well then you still got a good position. I am a huge believer in Michael Dell, and I think we’re lucky to be able to invest alongside him.”
Dell is currently ranked 3rd on Cramer’s “game plan list.”
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Is The Stock Worth a Shot in the Long Haul?
As per TipRanks, the stock is currently sitting at $141. DT is eyeing a medium-level target of $146, while its long-term stock target is focusing on hitting the $185 price mark. If all goes well, the token can claim the aforementioned price marks within the span of the next 12 months.
“The average price target for Dell Technologies is $148.84. This is based on 18 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $185.00 ,the lowest forecast is $106.00. The average price target represents a 5.01% Increase from the current price of $141.74.”
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