Citi opened a “90-day positive catalyst watch” on Dell Technologies going into the Consumer Electronics Show. The firm has a Buy rating on the shares with an $84 price target. Citi remains positive on the PC demand cycle into 2024, and believes discussions at CES should drive better investor appreciation for demand drivers going into next year, especially with artificial intelligence potentially becoming a significant demand driver in outer years. The firm believes CES investor meetings will build positive momentum surrounding AI-driven use cases.
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