Barclays raised the firm’s price target on Dell Technologies (DELL) to $123 from $116 and keeps an Equal Weight rating on the shares. Dell reported a mixed fiscal Q1, but the highlight was artificial intelligence orders of $12.1B, more than all AI revenues last fiscal year, the analyst tells investors in a research note. The firm says the company’s fiscal year guidance is unchanged as macro uncertainties and lower margins weigh, though this is likely conservative.
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