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Dell (DELL) PT Raised to $165 at Evercore ISI, 'best positioned to become the market leader'

May 16, 2024 6:04 AM EDT

Evercore ISI analyst Amit Daryanani raised the price target on Dell (NYSE: DELL) to $165.00 (from $140.00) while maintaining a Outperform rating.

The analyst comments "Our understanding is that DELL has won a large portion of business for Teslas AI server buildout which would be INCREMENTAL to their current ~$2.9B AI backlog (shipped ~$800M in AI server revenues LQ) but was likely embedded in their pipeline commentary.... More