Evercore ISI raised the firm’s price target on Dell Technologies (DELL) to $160 from $150 and keeps an Outperform rating on the shares. The firm’s supply chain checks are pointing towards room for upside to Dell’s AI server momentum through FY26, the analyst tells investors. The analyst “conservatively” thinks Dell could end-up seeing AI server revenues in the $17B-$20B range for the year versus the current expectation of $15B-plus, the firm added.
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