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Evercore ISI Reiterates Outperform Rating on Dell (DELL)
June 10, 2024 4:03 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $165.00 price target on Dell (NYSE: DELL).
The analyst comments "Following the disappointing Apr-qtr print and the sizable negative DELL stock reaction to Q1 EPS results, we have received an overwhelming amount of investor interest on the print and stock reaction. The stock reaction appears to overlook what we think is a generally solid print (upside to AI server revenues driving a modest miss on the AI backlog bogey + PC recovery underway), really due to a hiccup in the storage business (particularly... More
