Reported 4 months ago
Analysts are adjusting Dell's stock price targets ahead of its fiscal 2025 first-quarter earnings report, set for May 30, 2024. Dell's focus on AI and recent initiatives, such as the Dell Factory collaboration with Nvidia, have prompted price target increases from analysts, with projections of positive growth in the AI sector and potential revenue opportunities. Wall Street is expecting earnings of 57 cents a share and revenue of $21.56 billion. Bank of America Securities raised their price target on Dell to $180, citing growth prospects in AI and storage demand, while Loop Capital raised their target to $185, emphasizing Dell's capability in infrastructure products and services.
Source: YAHOO