May 22, 2025
We assume the shares of Dell Technologies (DELL; $111.95; O/P) still offer a favorable risk/reward into its FQ1 (Apr) results next Thursday (5/29 after market), even after its 49% rally since April 7th, since we…
May 21, 2025
Yesterday (5/20), we listened in on a second day of keynotes out of Dell Technologies World led by Dell’s (DELL; $114.23; O/P) Chief Operating Officer Jeff Clarke, plus Arthur Lewis, President, Infrastructure Solutions Group, and…
May 19, 2025
Earlier today, we listened in on the Dell Technologies World keynote from Dell’s (DELL; $114.28; O/P) CEO Michael Dell in Las Vegas where the company highlighted a range of new and existing product innovations, discussed…
February 28, 2025
We bump up F2026E (Jan) non-GAAP EPS for Dell Technologies (DELL; $107.83; O/P) from $9.25 to $9.35 (+15% YoY vs. +11% in its just completed F2025) after FQ4 results and guidance lived up to expectations…
February 21, 2025
We continue with our Outperform on the shares of Dell Technologies (DELL; $119.89) ahead of its FQ4 (Jan) results and outlook, scheduled for next Thursday (2/27 after market). Overall, we expect incremental support for the…
January 9, 2025
We reiterate our Outperform on the shares of Dell Technologies’ (DELL; $119.31) after meeting this week with members of the IR team during our visit to the Consumer Electronics Show (CES) in Las Vegas. At…
November 27, 2024
We adjust our F2025E (Jan) EPS from $7.90 to $7.85 and reiterate our F2026E EPS of $9.25 for Dell Technologies (DELL; $141.74; O/P) after considering a range of “puts and takes” across the company’s FQ3…
November 19, 2024
Earlier this week, Dell Technologies (DELL; $135.90; O/P) announced some new artificial intelligence (AI) based servers, solutions and services, as part of its Dell AI Factory portfolio, which is basically aimed at enabling enterprises to…
November 13, 2024
We reiterate our Outperform and raise our target from $150 to $160 on the shares of Dell Technologies (DELL; $134.53), ahead of its FQ3 (Oct) results and outlook, scheduled for November 26th (after market). We think…
October 15, 2024
This morning, Dell Technologies (DELL; $127.66; O/P) announced several new integrated rack-scalable system, server, storage and data management solutions as part of its Dell AI Factory initiative. Recall, Dell’s AI factory solutions are aimed at…
October 14, 2024
Last week, Dell Technologies (DELL; $128.16; O/P) announced some additions to its Dell AI Factory and hosted a “Dell AI for Telecom” Webinar that included a conversation with management from Nvidia (NVDA; $138.75; NR). Recall…
September 25, 2024
This morning (9/25), Dell Technologies (DELL; $119.69; O/P) introduced Dell AI for Telecom, which is a program focused on simplifying and accelerating artificial intelligence (AI) deployments for communications service providers. We think this announcement provides…
August 30, 2024
We are raising our rating on the shares of Dell Technologies (DELL; $110.74) from Equal-Weight to Outperform, bumping up F2025/F2026E (Jan) EPS from $7.65/$8.80 to $7.90/$9.25 (14% average growth), and establishing a target of $140…
August 21, 2024
We see a favorable risk/reward for the shares of Dell Technologies (DELL; $111.53; E/W) into its FQ2 (Jul) results and outlook next Thursday (8/29 after market). Admittedly, the stock is now up 27% just since…
May 31, 2024
We adjust F2025/F2026E (Jan) EPS for Dell Technologies (DELL; $169.92; E/W) from $7.55/$8.40 to $7.65/$8.80 after management “only” raised F2025E EPS guidance from $7.25-7.75 to $7.40-7.90 (+4-11% YoY) following a slight FQ1 (Apr) EPS beat…