Asiya Merchant, an analyst from Citi, maintained the Buy rating on Dell Technologies (DELL – Research Report). The associated price target remains the same with $156.00.
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Asiya Merchant has given his Buy rating due to a combination of factors influencing Dell Technologies’ performance. One significant aspect is the robust demand outlook, which is expected to improve as supply constraints ease. This aligns with the positive indicators seen at recent industry events, suggesting a strong potential for growth.
Additionally, the anticipated increase in AI server margins provides further confidence in Dell’s future profitability. Despite some near-term challenges, the long-term growth projections are promising, with expectations of surpassing industry averages. These positive trends, coupled with a strong backlog and customer engagements, form the basis of Merchant’s optimistic view of Dell’s stock.
According to TipRanks, Merchant is a 5-star analyst with an average return of 23.2% and a 66.67% success rate. Merchant covers the Technology sector, focusing on stocks such as Western Digital, Seagate Tech, and Pure Storage.
In another report released on February 10, J.P. Morgan also maintained a Buy rating on the stock with a $150.00 price target.