Evercore ISI says Tesla is Dell's new big AI customer, raises stock target

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Go back to Evercore ISI says Tesla is Dell's new big AI customer, raises stock target

Dell (DELL) PT Raised to $155 at JPMorgan

May 20, 2024 5:28 AM EDT

JPMorgan analyst Samik Chatterjee raised the price target on Dell (NYSE: DELL) to $155.00 (from $125.00) while maintaining a Overweight rating.

The analyst comments "It will be a tough bar for Dell heading into the earnings print with the shares already trading at 19x NTM estimates, which is more than twice the multiple the shares have historically traded at. The bull case for Dell shares adding up the... More