Dell Technologies initiated with a Buy at Loop Capital

Loop Capital analyst Ananda Baruah initiated coverage of Dell Technologies with a Buy rating and $125 price target. The analyst sees material upside to Street estimates through 2026 and believes Dell has an opportunity “to alter the narrative around the stock such that a material valuation re-rating can occur.” The company is at the “very front end of at least two material catalysts” that provide upside to Street earnings estimates: gen artificial intelligence servers and a PC refresh cycle, the analyst tells investors in a research note.