Citi analyst Asiya Merchant raised the firm’s price target on Dell Technologies (DELL) to $160 from $135 and keeps a Buy rating on the shares ahead of the earnings report. The believes supply chain commentary indicates that enterprise hardware spending is tracking modestly better than expected outside of print and consumer computers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DELL:
- Super Micro Computer Stock (SMCI) Could See Limited Upside Amid Ongoing Challenges
- Why IBM’s AI System Could Change the Way Massive Models Are Trained
- Super Micro price target raised to $37 from $35 at BofA
- “PC Shipments are Forecast To Rise…,” Intel Stock (NASDAQ:INTC) Slips
- Positive Outlook for Dell Driven by Anticipated AI Server Order Growth