Citi Raises Price Targets for Dell and HPE Ahead of Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy DELL?
Source: seekingalpha
- Price Target Increase: Citi analyst Asiya Merchant raised Dell's price target from $235 to $290, reflecting optimism about sustained AI and server growth, alongside improvements in storage execution and steady PC progress.
- Positive Stock Reaction: Following Citi's price target upgrades, Dell's shares rose 1.9% in premarket trading, while HPE's shares increased by 5%, indicating market confidence in the future performance of both companies.
- HPE Target Price Boost: Citi also raised HPE's price target from $27 to $39, primarily based on positive outlooks for post-Juniper networking momentum and supportive commentary on AI server demand, suggesting increasing needs for enterprise AI and neocloud deployments.
- Upcoming Earnings Reports: Dell is set to release its fiscal fourth-quarter results on May 28, while HPE will report its fiscal second-quarter results on June 1, with the market eagerly anticipating these earnings, which could further drive stock price increases.
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Analyst Views on DELL
Wall Street analysts forecast DELL stock price to fall
15 Analyst Rating
11 Buy
3 Hold
1 Sell
Moderate Buy
Current: 247.890
Low
113.00
Averages
164.85
High
180.00
Current: 247.890
Low
113.00
Averages
164.85
High
180.00
About DELL
Dell Technologies Inc. is engaged in designing, developing, manufacturing, marketing, selling, and supporting a wide range of comprehensive and integrated solutions, products, and services. The Company operates through two segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). Its ISG segment enables the Company’s customer’s digital transformation with solutions that address artificial intelligence (AI), machine learning, data analytics, and multi cloud environments. Its comprehensive storage portfolio includes modern and traditional storage solutions, including all-flash arrays, scale-out file, object platforms, hyper-converged infrastructure, and software-defined storage. Its CSG segment offers branded personal computers (PCs) including notebooks, desktops, and workstations and branded peripherals that include displays, docking stations, keyboards, mice, and webcam and audio devices, as well as third-party software and peripherals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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