Mar. 26 at 3:23 PM
$DELL just got a massive boost! Evercore ISI raises PT to
$205 from
$160 – Outperform.
Why the surge? Several catalysts:
1️⃣ CPU Demand Stronger than Expected – Enterprise server refresh + AI workloads driving CPU needs. ARM commentary confirms CPUs still crucial vs accelerators.
2️⃣ SMCI Shift – DOJ news may divert NVIDIA supply.
$DELL positioned for FY26
$50B AI server target. HPE could benefit too.
3️⃣ Memory Flip – OEMs up, DRAM/NAND down. Google’s TurboQuant slashes memory use in AI by 6x. Emerging tech + cost/supply tailwinds favor
$DELL & HPE.
DELL/HPE setup looks incredibly juicy if GPU reallocations + memory efficiency play out.
$HPE target raised to
$30 from
$28