Dell (DELL.US) pre-performance receives a price target increase from JPMorgan Chase: Leading OEM in the AI computing field.
According to the Wisdom Financial APP, recently, Morgan Stanley analyst Erik Woodring raised the target price of Dell Technologies (DELL.US) from $135 to $144, while maintaining its "hold" rating. The analyst at Morgan Stanley believes that the recent pullback in the stock price provides a more convincing basis for evaluating the company's profitability, and expects the performance of the enterprise hardware business in the second quarter to slightly exceed expectations, driven by strong investment in artificial intelligence and strong personal computer sales in the second quarter. The firm also believes that Dell's second-quarter performance expectations and full-year outlook are likely to be raised. Dell will announce its latest quarterly results after the US stock market closes on Thursday.
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