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Dell Technologies: Strong Market Position and AI Growth Drive Buy Rating

Dell Technologies: Strong Market Position and AI Growth Drive Buy Rating

In a report released today, Erik Woodring from Morgan Stanley maintained a Buy rating on Dell Technologies (DELLResearch Report), with a price target of $135.00.

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Erik Woodring has given his Buy rating due to a combination of factors that highlight Dell Technologies’ strong position in the market. The company’s momentum in AI server infrastructure is a significant contributor, with orders and backlog indicating continued growth potential. Dell’s ability to manage costs effectively has resulted in revenue and earnings per share growing faster than their long-term model, which is viewed positively.
Additionally, Dell is gaining market share in traditional enterprise markets, and their favorable supply chain positioning provides a competitive advantage. Despite some caution in the enterprise sector, Dell’s AI opportunities and potential for positive earnings revisions suggest continued outperformance. These factors collectively support the Buy rating, with a price target reflecting a 12-13x P/E multiple.

According to TipRanks, Woodring is a 3-star analyst with an average return of 3.3% and a 57.75% success rate. Woodring covers the Technology sector, focusing on stocks such as Apple, Seagate Tech, and Dell Technologies.

In another report released yesterday, Mizuho Securities also reiterated a Buy rating on the stock with a $145.00 price target.

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