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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DELL:
- Dell Technologies call volume above normal and directionally bullish
- Dell Technologies exec sells $12.5M in common stock
- Super Micro Computer Stock (NASDAQ:SMCI): Massive Growth Makes It Undervalued
- Nvidia competition heats up as Intel, Google unveil new AI offerings
- Intel announces enterprise AI with Gaudi 3, AI open systems strategy
