Dell (DELL) PT Raised to $98 at Barclays
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Evercore ISI Adds Dell (DELL) to Tactical Outperform List
May 23, 2024 6:01 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $165.00 price target on Dell (NYSE: DELL).
The analyst comments "DELL will report Apr-qtr results on May 30th AMC. We think Dell is well positioned to exceed street estimates, with traction in the all-important AI flywheel continuing to gain steam. Notably, our checks suggest their core business is inflecting positively across storage, servers, and PCs. Street is currently modeling Apr-qtr sales to decline -3.0% q/q vs. seasonality of -11.0%, reflecting improving fundamentals across the core business... More
