Dell Technologies price target raised to $88 from $80 at Daiwa

Daiwa raised the firm’s price target on Dell Technologies to $88 from $80 and keeps an Outperform rating on the shares. The analyst says generative artificial intelligence server demand remains strong and AI personal computer demand is next. The firm remains encouraged that 2024 will be a better year for technology hardware due to a number of reasons. The biggest drivers will be AI generative, inference and for PCs, along with eventual overall refresh cycle, the analyst tells investors in a research note.