Dell Technologies: I Am Expecting A Strong FY25 Performance
Summary
- I am reiterating my buy rating for Dell.
- Strong traction in the AI-server space, stabilization in traditional servers, and PC demand recovery will drive stronger performance in FY25.
- Assuming Dell trades at the current 7.3x forward EBITDA, I expect a 1-year total return of 14% (2% from dividends).
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