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Evercore ISI Reiterates Outperform Rating on Dell (DELL)
September 9, 2024 5:12 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $140.00 price target on Dell (NYSE: DELL).
The analyst comments "ALL YOU NEED TO KNOW: Following DELLs Jul-qtr print, we have fielded a TON of questions around the linearity and drivers of ISG margin ramps in H2:25 and in the out-years. The greater mix of AI servers is expected to be a headwind to gross margins, in addition to inflationary component costs, though crucially, we think there... More
