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Dell Technologies Ceases Operations in Russia

Dell Technologies Inc. (NYSE: DELL) spokesperson Mike Siemienas confirmed on Saturday, August 27th, that the U.S. computer company discontinued all operations in Russia after closing its offices in mid-August.

The firm is a vital supplier of servers in Russia, yet has moved forward with joining the growing list of organizations in their exodus from Russia since Moscow’s mobilization of troops into Ukraine in February.

Is Dell a Good Stock to Buy Now?

According to 12 Best Performing Wall Street Analysts on TipRanks, Dell is a Strong Buy, with 10 Buys, two Holds and zero Sells. Dell’s average price target is $57.75, implying an upside of 39.39% with a high forecast of $72.00 and a low forecast of $45.00.

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Ari Gutman
Ari Gutman holds a bachelors degree from Rutgers University where he studied history with a focus on economics. He worked in Real Estate Management in Manhattan, NY, while building an online presence teaching personal finance and value investing as well as discussing macro economic backdrops. After moving to Israel, Ari shifted directions to cover financial and economic news as the anchor of TipRanks News Bites.