Sep. 9 at 11:04 AM
$DELL Dell Technologies price target raised to
$650 from
$575 at Evercore ISI
Evercore ISI raised the firm's price target on Dell Technologies to
$650 from
$575 and keeps an Outperform rating on the shares. The firm sees room for further appreciation, with the next phase driven by enterprise AI adoption, higher margin attach and continued operating expense leverage, the analyst tells investors. The firm's upside EPS scenario calls for FY27 EPS approaching
$30, versus current Street estimates of about
$25.88 and the firm's base estimate of
$25.54, notes the analyst, who points out that at
$40-plus of EPS and a 25-times forward P/E multiple, the firm sees "a path towards
$1,000/share."
