Dell added to Evercore ISI's Tactical Outperform List

Dell Technologies (DELL) stock has jumped after Evercore ISI added the computer company to its "Tactical Outperform" List. Yahoo Finance's Catalysts talk about Dell's AI offerings it is incorporating into its business strategy as shares have climbed by over 100% year-to-date in 2024.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Luke Carberry Mogan.

Video Transcript

A look at shares of Dell because they are moving to the upside after Evercore, I si added the stock to a tactic tactical outperform list saying that it expects a favorable first quarter of results.

This coming after Dell announced a range of new A I enabled P CS earlier this week, you're looking at gains of just about 6%.

Dell shares are up over 100% since the start of the year.

You're looking means of just about 100 and 5%.

So yes, lots of excitement surrounding the all important A I products.

Exactly.

What is that, what that is going to do?

How big of a driver that's going to be for their business is something the analysts are excited about and this also move higher coming on the heels of Nvidia's print last night.

So certainly a number of these names catching a bit here this morning as we talk about that, run way of growth and exactly what that is going to look like in terms of future A I adoption here in the coming quarters and years.

And yeah, and Sean, as you mentioned, the Evercore upgrade here that we are looking at important to point out what you said that the catalyst is going to be upside in those A I expectations on revenue backlog numbers that could help change the narrative around some of these names, not just Dell, but also H pe here and to your point and really making it clear that some of these places do have room to run with Dell, particularly on the data center side of things.

This is a stock that's already up over 96% year to date.

They had a really tough year and a couple of years when it came to deliveries of computers following the surge that we saw in the pandemic.

And now we're certainly seeing that stock on the upside of following that downward swing.

Thanks to all things.

A.