Evercore ISI is adding Dell to the firm’s “Tactical Outperform” list ahead of the company reporting April-end quarterly results on May 30 after market close. The firm thinks Dell is “well positioned to handedly exceed street estimates, with traction in the all-important AI flywheel continuing to gain steam,” says the analyst, who thinks investors will need to start underwriting a higher valuation for Dell, driven by structurally higher revenue and EPS estimates. Evercore maintains an Outperform rating and $165 price target on Dell shares.
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