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Fly News Breaks for February 6, 2020
DELL
Feb 6, 2020 | 05:17 EDT
RBC Capital analyst Robert Muller initiated coverage of Dell Technologies with a Sector Perform rating and $56 price target. While the company's cash flow generation "remains robust" and Dell is on a path to reduce debt over the coming years, the company's high leverage and limited catalysts in its core business warrant coming out on the sidelines, Muller tells investors in a research note.
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.