Dell Technologies (DELL) has received a boost in its price target from Loop Capital. Loop Capital has raised its price target on Dell’s stock to $185 per share from $125, citing the substantial progress the company has made in the field of generative artificial intelligence (AI).

Market Domination Anchors Julie Hyman and Josh Lipton break down the details.

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This post was written by Angel Smith

Video Transcript

Talk about some calls of the day here.

Uh We start with Dell Technologies which is getting a price target lift from loop capital, the firm citing legitimate gen A I progression.

And it’s interesting um the sort of evolution if you will or the migration and perception about Dell, which you know, people think of as a PC company and a server company to some extent, Josh, but lately it’s had this gen A I buzzings, you know, it also had a conference recently, Jensen Wang of, of NVIDIA was there.

So it’s been an interesting shift.

Yeah.

So they, they rate Della by, they raise their target to 185 and to your point Julie, they, they say, you know, their work continues to show legitimate gen A I progression in the last 90 days.

Um They do go at some risk.

They’re called gen A I server revenue.

The PC refresh cycle valuation.

I mean, the stock has enjoyed a remarkable run.

It’s something more than 250% over the past 12 months, about 100 and 20% just this year.

So investors love it.

The street loves it.

Yeah.

And it’s interesting what um they comment on in this saying that and it’s very well positioned for long term commercial it, budget wallet share.

I’ve seen a lot of talk about wallet share recently, these enterprise um software and hardware notes that, you know, where is the money going to be flowing?

And we’ve talked about a lot of it’s gonna flow to gen A I to the infrastructure and I guess Dell is now part of that infrastructure.

And so that’s uh part of the thesis here, by the way, it is Showtime Dell reporting its Q one earnings this week.

May 30th.

So we’ll see, we’ll be ready.

We are ready.