Analyst Amit Daryanani from Evercore ISI maintained a Buy rating on Dell Technologies (DELL – Research Report) and decreased the price target to $120.00 from $145.00.
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Amit Daryanani has given his Buy rating due to a combination of factors that highlight Dell Technologies’ strategic positioning in the rapidly growing AI market. The company is leveraging its expertise in next-generation AI architectures to cater to the increasing demand for on-premises AI solutions, which are becoming more cost-effective compared to public cloud options. Dell’s recent announcements at their annual user conference, including new AI-powered servers and enhanced AI managed services, underscore their commitment to being a comprehensive provider for enterprise AI infrastructure needs.
Furthermore, Dell’s introduction of advanced PowerEdge servers and AI PCs, equipped with the latest NVIDIA and AMD technologies, positions them as a leader in providing cutting-edge computing platforms. These innovations not only enhance their product offerings but also demonstrate their ability to integrate seamlessly into existing enterprise data centers. With these strategic advancements, Daryanani believes Dell is well-positioned to capitalize on the acceleration of enterprise AI adoption, justifying his Buy rating.
In another report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $145.00 price target.
DELL’s price has also changed moderately for the past six months – from $135.900 to $114.280, which is a -15.91% drop .
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