Dell Technologies price target raised to $165 from $155 at JPMorgan

JPMorgan analyst Samik Chatterjee raised the firm’s price target on Dell Technologies (DELL) to $165 from $155 and keeps an Overweight rating on the shares following the Q4 report. The firm upped fiscal 2027 and 2028 estimates to reflect Dell’s “stand-out execution.” JPMorgan believes the confidence of management to raise earnings guidance materially in the face of higher memory costs that are higher “is going to drive investors to assume that the downside risks in relation to delivering to the outlook is lower than assumed earlier.”