Dell's Strong Positioning: Unanimous Analyst Focus on AI Opportunities and Compelling Revenue & EPS Projections
Portfolio Pulse from Anusuya Lahiri
Morgan Stanley analyst Erik Woodring maintained an Overweight rating on Dell Technologies Inc (NYSE:DELL) and raised the price target from $87 to $89. Woodring believes Dell's stabilizing core business, AI infrastructure opportunity, and accelerating capital return story can drive a compelling multi-year total return. Raymond James analyst Simon Leopold had an Outperform rating on Dell with a price target of $68. Citi analyst Asiya Merchant reiterated a Buy rating on Dell. Dell's shares traded higher by 0.20% at $66.32 on the last check Friday.
October 06, 2023 | 7:54 pm
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POSITIVE IMPACT
Analysts maintain positive ratings on Dell, highlighting AI opportunities and strong revenue & EPS projections.
The positive ratings and raised price targets from multiple analysts indicate a strong outlook for Dell. The company's focus on AI infrastructure and stabilizing core business are seen as key drivers for future growth. This is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100