Dell Technologies (NYSE:DELL) is trading nearly 1.80% higher on Friday afternoon as Evercore ISI stays bullish on the Texas-based firm’s artificial intelligence (AI) ramp ups and impressive supply chain execution.
The brokerage firm maintained its Outperform rating and increased Dell’s price target to $150 from previously $140.
“We think DELL has multiple levers to drive double-digit EPS growth – Storage margin expansion, Mix driven by AI attach rate, operating expenses optimization, revenue leverage and BUYBACKS,” highlighted Evercore analyst Michael Fisher.
The brokerage firm expects AI server upside to the $15 billion target for Dell this year, with a room for upside in FY26 and FY 27.
According to the research note, Dell will have structural upside as AI shift from cloud to sovereign and enterprises expect the company to see more high margin solutions like storage, networking and services.
Seeking Alpha’s Quant rating system has rated DELL stock as a Buy with a score of 4.04 out of 5, with an A+ on the prospect of profitability, a B- in valuation as well as growth.
Wall Street analysts and Seeking Alpha analysts are also bullish about the company and rated the stock as a Buy.
DELL gained over 2.60% so far this year, outperforming the broader S&P 500 Index, which rose nearly 1.70%.
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