Citi Just Issued a 90-Day Bullish Outlook on Dell (DELL) - Here's Why

We recently published a list of 10 AI Stocks on Analyst’s Radar Today. In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against other AI stocks that are on analyst’s radar today.

On May 27, Citi reaffirmed its Buy rating for Dell Technologies Inc. (NYSE:DELL) and set a price target of $128. Dell Technologies provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide.

The firm has introduced an optimistic 90-day short-term outlook for Dell shares. The optimism is because the firm sees an improving GB200 demand profile, “showing a marked improvement.” Moreover, a leading Dell supplier has pointed out an improvement in GB200 NVL72 ramp beginning in May. This improvement is expected to contribute to a projected 50% year-over-year growth in Dell’s artificial intelligence server revenues in 2025.

Overall, the firm views upside for Dell shares ahead of earnings this week, with improved demand for Nvidia’s GB200 AI super chip, which Dell uses.

“We open a ST [short term] Upside View on DELL shares on improving GB200 demand profile, showing a marked improvement.”

Overall, DELL ranks 9th on our list of AI stocks that are on analyst’s radar today. While we acknowledge the potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DELL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.