US Top News and Analysis | Dell has been on fire this year. Why UBS is downgrading the PC maker

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UBS downgraded Dell Technologies to “neutral” from “buy,” raising its price target to $243 (up from $167) and forecasting roughly a 7% downside from the recent close. The bank’s analyst, David Vogt, said the surge in AI‑driven server demand is now largely priced in, making the risk‑reward balance more even despite Dell’s strong execution over the past year. Dell’s stock has risen 172% over the last 12 months—far outpacing the S&P 500’s 31% gain—and its AI server business generated $13 billion in revenue in the first quarter of fiscal 2027. While UBS expects future AI orders to shift toward Dell, it cautions that Dell’s capital‑expenditure growth may lag that of hyperscalers like Meta, Google, Amazon, and Microsoft. The downgrade runs counter to the broader analyst consensus, with 20 of 28 covering analysts rating the stock as a buy or strong buy.

Read more: https://www.cnbc.com/2026/05/11/dell-has-been-on-fire-this-year-why-ubs-is-downgrading-the-pc-maker.html

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US Top News and Analysis | Apple gets a price target hike from UBS ahead of earnings

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Apple’s shares received a price‑target upgrade from UBS, which lifted the target to $287 from $280, implying about a 7 % upside from Monday’s close ahead of the company’s fiscal second‑quarter earnings. UBS analyst David Vogt said strong supply‑chain resilience and continued consumer demand for the iPhone 17 series should boost iPhone revenue roughly 20 % year‑over‑year, prompting a 4 % increase in the firm’s fiscal third‑quarter revenue forecast to $102 billion and an estimated 8.5 % YoY growth. The bank also raised its iPhone unit forecast to 50.3 million, up from 46.5 million, despite a broader memory‑supply crunch driven by AI demand. While UBS kept a neutral rating, it highlighted risks such as product delays, weaker innovation, and macro‑economic weakness—particularly in China—that could temper the upside.

Read more: https://www.cnbc.com/2026/04/28/apple-gets-a-price-target-hike-from-ubs-ahead-of-earnings.html

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