AI PCs made up 14% of quarterly personal computer shipments, Canalys says
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August 15, 2024 5:07 AM EDT
JPMorgan analyst Samik Chatterjee raised the price target on Dell (NYSE: DELL) to $160.00 (from $155.00) while maintaining a Overweight rating.
The analyst comments "Following Dells last earnings report (5/30) as well as the latest datapoints from Super Micros results, shares of Dell have significantly underperformed other AI beneficiaries as well as the broader market (-39% vs. -5% for AI Stocks and +4% for S&P 500), led in part by investor concerns around margin pressures being indicative of elevated levels of competition disrupting the AI Server market. However, it is important for investors... More
August 15, 2024 4:57 AM EDT
Citi analyst Asiya Merchant lowered the price target on Dell (NYSE: DELL) to $155.00 (from $170.00) while maintaining a Buy rating.
The analyst comments "We tweak our rev estimates slightly higher to reflect a modestly improving top-line, driven by positive datapoints on recovering general-purpose-infrastructure... More
