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JPMorgan Reiterates Overweight Rating on Dell (DELL)

August 28, 2024 6:18 AM EDT

JPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $160.00 price target on Dell (NYSE: DELL).

The analyst comments "Investor expectations have recently retraced to the EPS opportunity in the near-term from the low-margin AI server revenue opportunity with Tier 2 Cloud customers, and with outlooks now even lower after the Super Micro print, we see a set up where investors will be relieved by significant... More