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Dell Technologies: Strategic Positioning and Growth Potential Amidst NVIDIA Blackwell Cycle and AI Server Momentum

Dell Technologies: Strategic Positioning and Growth Potential Amidst NVIDIA Blackwell Cycle and AI Server Momentum

Dell Technologies (DELLResearch Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Aaron Rakers from Wells Fargo maintained a Buy rating on the stock and has a $150.00 price target.

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Aaron Rakers has given his Buy rating due to a combination of factors that highlight Dell Technologies’ strategic positioning and growth potential. The company is well-situated to benefit from the NVIDIA Blackwell cycle, with a focus on maintaining strong margins. Dell’s effective supply chain management and economies of scale are crucial in capitalizing on this opportunity.
Additionally, Dell is experiencing significant momentum in its AI server business, with a substantial backlog and new orders indicating robust demand. The company is also poised to benefit from a commercial PC refresh cycle, which is expected to stabilize overall PC average selling prices. These factors, along with Dell’s guidance for revenue and earnings growth, underpin Rakers’ confidence in the company’s future performance.

In another report released yesterday, Mizuho Securities also reiterated 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 $127.590 to $113.630, which is a -10.94% drop .

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