Dell (DELL) is just revving up after an eye-popping quarter.
The news: Goldman Sachs analyst Katherine Murphy reiterated a Buy rating on Dell in a note on Tuesday. Murphy set the price target at $500, implying about 15% more upside from current trading levels.
Murphy points to three factors as likely further drivers of Dell’s already hot stock price:
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Enterprise IT hardware spend is growing as companies race to upgrade infrastructure to support AI initiatives.
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Dell’s strong fiscal year 2027 outlook is constrained by supply, not demand. That is often a combination for strong profit margins.
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Dell’s operating margin outperformance demonstrates the benefits of the company’s scale and supply chain.
The…
