Citi Raises Dell (DELL) Price Target to $128 Ahead of Earnings
From Yahoo Finance: 2025-05-18 07:02:00
US President Donald Trump concluded a Middle East tour with deals in Saudi Arabia, Qatar, and the UAE. An AI data center project was signed in the Gulf, with the UAE agreeing to buy AI semiconductors from the US. Trump pledged over $200 billion in deals and deepened AI cooperation.
The US and UAE established an AI Acceleration Partnership and unveiled a 5GW AI campus. American companies will operate data centers in the UAE with strong security guarantees. Dell Technologies Inc. (DELL) saw its price target raised to $128 by Citi ahead of earnings.
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Read more: Citi Raises Dell (DELL) Price Target to $128 Ahead of Earnings