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.
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