Daiwa upgraded Dell Technologies to Outperform from Neutral with a price target of $80, up from $50. The analyst states that the demand slowdown seen since the second half of 202 seems to be abating and a new up cycle is beginning. Improving macro tech demand and AI sales ramp are also “two new big positives” that should aid Dell’s long-term growth potential, the firm tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DELL:
- Dell (NYSE:DELL) Notches Up Thanks to Analyst Upgrades
- Dell Technologies price target raised to $80 from $70 at Evercore ISI
- Dell Technologies exec Rothberg sells over 30,000 class C shares
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Dell Technologies (NASDAQ:DELL) Slips as Analysts Consider the Macro Picture