DELL - Dell Technologies: There Is Still Plenty Of Room For Outperformance
2024-06-18 15:48:23 ET
Summary
- Dell Technologies shares have increased over 200% due to AI hype.
- The company's revenues declined in 2023 but showed improvement in Q1 2024, with margins increasing.
- AI-optimized servers and AI capabilities in PCs driving growth, with conservative DCF model valuing shares at $185.
Introduction
I wanted to revisit Dell Technologies Inc. ( DELL ) to see how it performed throughout 2023. Since my first article on the company, I said that the company is a solid pick even with conservative estimates, and that there are many growth opportunities in the AI-optimized server space. Fast forward a year, and we can see that the enthusiasm surrounding AI has lifted the company's shares to over 200% increase, so if you got in when I first recommended the company, congratulations!...
Dell Technologies: There Is Still Plenty Of Room For Outperformance