Citi Raises Dell (DELL) Price Target to $160, Keeps Buy Ahead of Earnings

Dell Technologies Inc. (NYSE:DELL) is one of the 10 AI Stocks Making Waves on Wall Street. On August 11, Citi analyst Asiya Merchant raised the firm’s price target the stock to $160 from $135 and kept a Buy rating on the shares.

The rating affirmation comes ahead of Dell’s earnings report. According to the firm, supply chain commentary indicates that enterprise hardware spending is tracking modestly. This is better than expected outside of print and consumer computers.Citi Raises Dell (DELL) Price Target to $160, Keeps Buy Ahead of Earnings

Photo by Its me Pravin on Unsplash

Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide.

While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Trending AI Stocks on Wall Street and 10 AI Stocks Analysts Are Watching Closely.

Disclosure: None.

View Comments