Evercore ISI Keeps Buy Rating on Dell Technologies with $160 PT, CFO Search Underway

Evercore ISI reiterates a Buy rating on Dell Technologies (DELL) with a price target of $160. Analyst Amit Daryanani notes that the company's financial outlook remains stable despite the recent resignation of CFO Yvonne McGill. Dell has reaffirmed its near-term financial guidance and plans to share its long-term update on the upcoming investor day.

Evercore ISI has reiterated a Buy rating on Dell Technologies Inc. (NYSE:DELL) with a price target of $160, according to a recent report by analyst Amit Daryanani Evercore ISI Reiterates a Buy Rating on Dell Technologies (DELL), Keeps the PT^[1]. Despite the recent resignation of CFO Yvonne McGill, the company's financial outlook remains stable, as confirmed by the analyst. Dell Technologies has reaffirmed its near-term financial guidance and plans to share its long-term update during an upcoming investor day.

Dell Technologies, a leading provider of technology products and services, has been recognized for its stable financial performance. The company's recent developments, such as the launch of the PowerProtect Data Domain All-Flash appliance, further underscore its commitment to innovation and cyber resilience Dell Technologies delivers robust cyber resilience with PowerProtect Data Domain All-Flash, portfolio software enhancements^[2]. This appliance offers significant improvements in data restore speed, replication, and analytics, ensuring minimal downtime during recovery and enhanced data integrity.

The analyst notes that Dell Technologies is actively searching for a new CFO to support its strategic goals. The company has reassured investors about its financial health, indicating that no changes have been made to its targets or capital allocation plans. Despite the potential of Dell Technologies as an investment, the analyst suggests that certain AI stocks may offer greater upside potential and carry less downside risk.

In conclusion, Evercore ISI's Buy rating on Dell Technologies reflects the company's stable financial outlook and commitment to innovation. The upcoming investor day will provide further insights into the company's long-term strategy, which is crucial for investors.