TipRanks reports that Citibank analyst Asiya Merchant maintained a 'buy' rating on Dell Technologies on October 8th, setting a target price of $600.00. The company's stock closed at $574.55 last Friday.

According to the data from TipRanks, Merchant is among the top 25 analysts, with an average return rate of 104.2% and a success rate of 74.14%. Merchant covers the technology sector, with a focus on stocks such as Huiyu Technology, Supermicro Computer, and Western Data.

In addition to Citibank, Goldman Sachs analyst Katherine Murphy also issued a "buy" rating for Dell Technologies in a report on October 8th. However, TD Cowen gave Dell Technologies a "hold" rating on September 29th ( NYSE : DELL ).

According to Dell Technologies' latest financial report for the quarter ending July 31, the company's revenue for that period was $46.97 billion, with a net profit of $4.13 billion. In contrast, during the same period last year, the company's revenue was $29.78 billion, and the net profit was $1.16 billion.

Based on the trading activities of 350 insiders of the company recently, their sentiment towards this stock is negative. This indicates that in the past quarter, there has been an increase in the number of insiders selling DELL shares compared to earlier this year. Earlier this month, Dell directors Silver Lake Partners IV and L.P sold 54,236 shares, realizing a total cash amount of 31,198,621.06 US dollars.

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