Dell (DELL) delivered fiscal first-quarter profits that missed analysts’ estimates, but 澳洲幸运5官方开奖结果体彩网:better-than-expected sales driven by growt꧑h in its AI serve🧔r division prompted several analysts to lift their price targets.

JPMorgan analysts raised their price target to $125 from $111, pointing to Dell’s $14.4 billion AI server backlog, driven by record orders in the quarter. The bank cited the “combination of readiness from multiple customers as well as better supply visibility” as reasons for optimism, which Dell partner Nvidia's (NVDA) 澳洲幸运5官方开奖结果体彩网:quarterly results helped illustrate earlier this week.

Shares of Dell were down about 3% at just above $109 in recent trading Friday, giving JPMorga༒n’s target about 15% upside. The stock has slid roughly 5% in 2025 so far.

Citi lifted its target to $135, similarly citing Dell's “robust momentum [and] competitive positioning of [Dell’s] AI portfolio.” Dell expects to deploy $7 billion worth of AI servers in the current quarter and more than $15 billion in 2025, the bank noted. Morgan Stanley also moved its target to $135, from $126 previously. Meanwhile, Bank of America raised its target to an even more bullish $155, up from $150.

UBS, which trimmed its target, still expects the shares to rise, adjusting to $145 from $150. The bank cautioned clients that despite strong order numbers, the inconsistent timing of orders and when revenue from them is recognized could worry investors.