Dell Technologies Inc. (NYSE:DELL) receives a price target cut from BofA Securities to $160.00 from $170.00, maintaining a Buy rating. Concerns about margin pressure from rising memory costs, particularly in DRAM and NAND pricing. Fiscal Q3 earnings report scheduled for November 25.

BofA projects Dell’s Q3 results to meet guidance and Street estimates, with minimal impact from DRAM/NAND pricing due to inventory timing. Buy rating reflects early-stage AI adoption and tailwinds. Forecasting a -56bps/-$0.01 impact on Q4 OMs and EPS from memory cost increases.

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BofA highlights margin concerns for Dell ahead of Q3 earnings, anticipating impacts on operating margins for Infrastructure Solutions Group and Client Solutions Group. Factors like DRAM and NAND pricing could affect margins by -11 bps and -184 bps, respectively, in fiscal 2027. Opex controls may help mitigate these pressures.

Read more at Yahoo Finance: BofA Cuts DELL Price Target to $160 but Keeps Buy Rating Ahead of Earnings