Dell (DELL) Stock: Price Target Raised, But Headwinds Still Loom

Dell Technologies Inc. (NYSE:DELL) is one of the Must-Watch AI Stocks on Wall StreetOn 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.

Dell (DELL) Stock: Price Target Raised, But Headwinds Still Loom

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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.

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