TD Cowen analyst Krish Sankar raised the firm’s price target on Dell Technologies (DELL) to $125 from $120 and keeps a Hold rating on the shares. The firm said the $12B+ in April quarter AI server orders and anticipated July quarter AI shipments of roughly $7B were key positives in F1Q. Macro possibly a modest headwind for traditional server and consumer demand while tariffs and commodity costs are inflationary factors.
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