Aug. 2 at 9:24 PM
$DELL
Evercore ISI reaffirmed its Outperform rating on Dell Technologies with a
$500 target price (~24% upside from
$402.30).
Despite customer concentration risks, Dell remains prime-positioned to capture the enterprise AI infrastructure boom.
Key accounts CoreWeave, xAI, and IREN are projected to generate roughly 70% of Dell's
$60B FY2027 AI server revenue.
Hardware demand visibility remains solid.
