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.

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 risk and potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DELL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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

Disclosure: None.