Dell Technologies Inc. (DELL) saw its price target lowered by Citi to $160 from $165, maintaining a Buy rating due to sector adjustments and mixed end-demand ahead of fourth-quarter earnings. Dell provided positive guidance, projecting fourth-quarter revenue between $31 billion and $32 billion, with significant growth in AI server demand. The company expects $9.4 billion in AI server shipments and $25 billion for the full fiscal year. Dell anticipates revenue of $111.7 billion for fiscal 2026, with strong confidence in fiscal 2027. While DELL has investment potential, other AI stocks may offer greater upside and less downside risk.

Read more at Yahoo Finance: Dell Price Target Lowered to $160 in Pre-Earnings Review