Raymond James lowered the firm’s price target on Dell Technologies to $160 from $166 and keeps an Outperform rating on the shares. Following a fiscal Q2 “beat and raise,” the firm said strong AI shipments and improved ISG segment operating margin “should outweigh” flat AI backlog and a slightly lower PC forecast, adding that while the stock was indicated up about 3% in after-hours trading, it “would not be shocked by a greater appreciation in the near-term.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DELL:
- 3 Best Stocks to Buy Now, 8/30/2024, According to Top Analysts
- DELL Earnings: Dell Rises after Big EPS Beat
- Dell Technologies Delivers Second Quarter Fiscal 2025 Financial Results
- Morgan Stanley Lowers Dell’s (NYSE:DELL) Price Target amid AI Server Delays
- Options Volatility and Implied Earnings Moves Today, August 29, 2024