Citi analyst Asiya Merchant maintained a Buy rating on Dell Technologies today and set a price target of $175.00.
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Asiya Merchant has given her Buy rating due to a combination of factors including Dell Technologies’ strong performance in key areas and promising future prospects. The company has shown robust earnings per share, driven by improved profitability in its Infrastructure Solutions Group, which has exceeded expectations. Additionally, Dell’s management has expressed confidence in navigating commodity headwinds better than in past cycles, thanks to their scale, supplier relationships, and flexible pricing strategies.
Moreover, Dell’s guidance for future revenue and earnings per share is significantly higher than previous estimates, particularly due to anticipated growth in AI revenues. The company’s ability to outperform its peers in the OEM space, despite challenges such as memory price fluctuations, further supports the Buy rating. Asiya Merchant’s analysis suggests that Dell’s strategic positioning and execution capabilities make it a compelling investment opportunity.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $163.00 price target.