Price Target Raised, But Headwinds Still Loom
Dell Technologies Inc. (NYSE:DELL) is one of the Must-Watch AI Stocks on Wall Street. On August 13, Susquehanna analyst Mehdi Hosseini raised the firm’s price target on the stock to $120 from $105 and kept a Neutral rating on the shares. The rating affirmation comes ahead of its July quarter results.
Susquehanna anticipates Dell to report in-line July quarter results with October quarter guidance that misses consensus estimates.
In an investor note, the analysts noted how the company is facing several headwinds. These headwinds include notebook shipment trends tracking below seasonal norms and pressure on artificial intelligence server revenue.
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