Dell Technologies' AI server opportunities have shown 'tremendous momentum' - Deutsche Bank
Deutsche Bank raised the Dell Technologies (NYSE:DELL) price target to $75 from $68 per share in a note Monday, maintaining a Buy rating on the stock.
Analysts said that ahead of the company's scheduled Securities Analyst Meeting on Thursday, October 5, they expect the company's comments to focus on its business strategy in terms of growth opportunities, operating structure and capital allocation.
«We expect the company to highlight AI server opportunities, which have shown tremendous momentum in the past quarter,» the analysts wrote.
«Overall, we believe it is likely that DELL raises its long-term revenue and EPS growth projections, and we also see the company raising its capital returns target.»
The analysts stated that his firm has confidence the company can grow its top and bottom line at a faster rate in the mid to long term. However, they don't expect Dell to comment on its near-term business.
Read more on investing.com
