Evercore ISI is adding Dell Technologies to the firm’s “Tactical Outperform” list ahead of the company reporting January-end quarter results after market close on February 29. The firm expects in-line results, with potential upside from AI order conversion dependent on GPU availability, adding that “there will be an outsized focus on what the AI order trajectory looks like given the uplift in demand we have seen elsewhere.” Evercore reiterates an Outperform rating and raised its price target on Dell shares to $95 from $85.
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