Reported 4 months ago
Loop Capital has raised Dell Technologies' stock price target to $185 per share from $125, attributing the increase to the company's progress in generative artificial intelligence (AI). The shift in perception of Dell from a PC and server company to one involved in AI has been noted, with Loop Capital highlighting Dell's potential in the long-term commercial IT sector. Dell's stock has seen significant growth, with a rise of over 250% in the past 12 months, and around 120% this year. The company is set to report its Q1 earnings on May 30th.
Source: YAHOO