The rating of Dell Technologies Inc. (NYSE:DELL) was recently upgraded by JPMorgan Chase & Co. from “neutral” to “overweight,” which represents a substantial movement in the company’s evaluation of the prospects of the technology giant. The decision to take this action, which was made public on January 8, 2024, demonstrates an increasing level of confidence in Dell’s position within the AI-driven compute investment cycle, which is a rapidly expanding industry that has significant potential for expansion.
The hope that the organization would reap benefits from the AI-driven compute investment cycle is the driving force behind the decision to provide Dell with an upgrade. The analysts at JPMorgan have established a new target price for Dell, which is $90.00. This is an increase from the previous target price of $77.00, which indicates that there is a potential upside of about 19% from the previous closing of the business. It is anticipated that businesses such as Dell and HP…