Analyst Says Dell's Momentum Is Real, But Valuation Is Risky with Stock Up 250% YTD

Analyst Says Dell's Momentum Is Real, But Valuation Is Risky with Stock Up 250% YTD

The post Analyst Says Dell’s Momentum Is Real, But Valuation Is Risky with Stock Up 250% YTD appeared first on 24/7 Wall St.. Quick Read Truist analyst Matthew Nicknam maintains a HOLD on Dell (DELL) due to elevated valuation parity with the S&P 500, a multiple shift from Dell’s historical 9x P/E average. Nicknam suggests investors look at networking companies such as Hewlett Packard Enterprise (HPE), Cisco Systems (CSCO), and Arista Networks…