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Fly News Breaks for May 21, 2019
VMW, DELL
May 21, 2019 | 08:26 EDT
Citi analyst Jim Suva raised his price target for Dell Technologies (DELL) to $85 from $70 and keeps a Buy rating on the shares. The analyst says the market value of the company's subsidiary, VMware (VMW), has increased ~20% since his last target price assessment.
News For DELL;VMW From the Last 2 Days
DELL
Apr 19, 2024 | 06:39 EDT
UBS analyst David Vogt raised the firm's price target on Dell Technologies to $141 from $113 and keeps a Buy rating on the shares. The firm cites shorter GPU lead times and the broadening out of AI server demand from the hyperscalers to Tier 2 Cloud and ultimately Enterprise customers for the price target increase. UBS expects nearly 50% AI server unit growth in calendar 2024.
DELL
Apr 18, 2024 | 21:58 EDT
UBS raised the firm's price target on Dell Technologies to $141 from $113 and keeps a Buy rating on the shares. The firm contends that global AI related servers should increase 48% and 21% in 2024 and 2025 respectively, directionally acting as a tailwind for Dell's Infrastructure Solution Group / Server business despite sluggish legacy enterprise demand, the analyst tells investors in a research note. UBS adds however that it reduces its FY25 Client Solutions Group segment revenue forecast lower by 3.4% due to a slower PC recovery.