Are you looking for the next big investment opportunity in the technology sector? Look no further than Dell Technologies, according to Goldman Sachs. The firm recently reiterated a buy rating on Dell stock, setting a price target of $155 per share – implying a potential 37% upside from its current price.
Goldman Sachs analyst Michael Ng highlights the growing demand for artificial intelligence data centers as a key driver for Dell’s future growth. After visiting the company’s headquarters and meeting with executives, Ng is optimistic about Dell’s prospects in the AI server market. He specifically points to the company’s $3.8 billion AI server backlog in the second quarter as a strong indicator of robust demand.
In addition to the AI opportunity, Ng sees potential for renewed demand in the PC market. With a large portion of Dell’s installed base running on hardware that doesn’t meet the requirements for Windows 11, Ng anticipates a strong upgrade cycle as users look to modernize their devices.
At Extreme Investor Network, we believe Dell Technologies is a compelling investment opportunity for those looking to capitalize on the growing demand for AI data centers and PC upgrades. Our experts analyze market trends and company fundamentals to provide you with unique insights and investment ideas. Stay ahead of the curve with Extreme Investor Network and make informed investment decisions that align with your financial goals.