Two weeks ago, JPMorgan raised its Dell price target to $280 and called it a meaningful move. After Dell’s latest earnings, that target lasted less than a fortnight.

On May 29, the same analyst nearly doubled it again.

JPMorgan raises Dell target: the analyst behind the call

Samik Chatterjee, a top-ranked JPMorgan analyst rated eighth among more than 10,000 Wall Street analysts on TipRanks, raised his price target on Dell Technologies (DELL) to $500 from $280 and maintained his overweight rating following Dell’s latest earnings, according to 24/7 Wall St.

The progression is striking. Chatterjee raised the target to $280 from $205 on May 15 as memory cost headwinds eased. He has now moved it to $500 after Dell’s…