Raymond James analyst Simon Leopold raised the firm’s price target on Dell Technologies to $68 from $50 and keeps an Outperform rating on the shares. The company reported Q2 results that beat expectations and upside was balanced across all segments, the analyst tells investors. While the firm suspected Dell de-risked its FY24 outlook, Raymond James had not anticipated there was “this much upside potential.” Macro challenges remain, making the current results look even better, the firm adds.
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