Evercore ISI says Tesla is Dell's new big AI customer, raises stock target

investing.com/news/stock-market-news/evercore-isi-says-tesla-is-dells-new-big-ai-customer-raises-stock-target-3443640

Analysts at investment firm Evercore ISI raised their price target for Outperform-rated Dell (NYSE: ) to $165 from $140 in a note Thursday, stating that they believe the company has won a large portion of business for Tesla’s AI server buildout.
According to Evercore, this should be incremental to their current ~$2.9 billion AI backlog but was likely embedded in their…

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