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Fly News Breaks for August 30, 2019
DELL
Aug 30, 2019 | 07:14 EDT
Wells Fargo analyst Aaron Rakers maintained an Outperform rating and $68 price target on Dell Technologies following the company's "strong" Q2 earnings results, which included raised FY20 guidance. The analyst highlighted Dell's strong cash flow and core debt reduction since the close of the EMC acquisition.
News For DELL 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.
