Latest news with #ErikWoodring
Yahoo
03-07-2025
- Business
- Yahoo
Dell Technologies Positioned for AI-Driven Growth, Says Morgan Stanley
Dell Technologies Inc. (NYSE:DELL) is one of the 20 undervalued momentum stocks that are taking off. On June 26, Morgan Stanley's Erik Woodring reiterated his Buy rating on Dell Technologies, maintaining a price target of $135. His outlook was based on Dell's solid position which enables it to benefit from accelerating demand for AI servers, which he believes could drive earnings meaningfully above current expectations. According to Woodring, while the ramp-up in AI infrastructure may introduce pressure on operating margins, Dell should be able to manage these challenges effectively through disciplined cost control. While the company is transitioning towards a more capital-intensive product mix, the analyst highlights that Dell's operational efficiency should support its margins. In addition, the management's execution in its core storage business is expected to offset potential headwinds and support overall margin expansion. A network administrator monitoring a data center, with a wall of servers in the background. In essence, Woodring's investment case for Dell rests on the company's ability to convert its AI server momentum into sustainable earnings growth while maintaining margin discipline. In his view, better operating margins could prove to be a catalyst for substantial share price upside. Dell Technologies Inc. (NYSE:DELL) is a key player in IT infrastructure modernization. Its extensive product portfolio includes personal computers, servers, storage solutions, networking, software, and cybersecurity. While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None.
Yahoo
03-07-2025
- Business
- Yahoo
Morgan Stanley Hikes Western Digital (WDC) Target to $78, Reaffirms Bullish View
Western Digital Corporation (NASDAQ:WDC) is one of the 20 undervalued momentum stocks that are taking off. Morgan Stanley analyst Erik Woodring, on June 17, reinforced his positive stance on Western Digital (WDC), raising the price target to $78 from $70 following recent discussions with company management. His Overweight rating remains unchanged, reflecting increased confidence in WDC's earnings potential and strategic positioning in the HDD segment. Woodring has revised his long-term EPS estimates upward by up to 10%, citing improvements in gross margin expectations, earlier-than-expected deleveraging, and more timely capital returns. He sees these developments as key factors for re-rating the stock in coming months. A network engineer gazing intently at computer monitors, surrounded by servers and storage systems. Back in May, the analyst had already raised his price target from $54 to $70. In the update, he had stated that Western Digital's could substantially benefit from the surge in data center expansion. While the company still trails Seagate in HAMR technology, the analyst believes HDDs will continue to dominate the storage landscape, given the exponential growth in global data generation. He also viewed WDC's valuation as compelling, as it traded at a notable discount to peers with a PE of less than six times peak EPS. This underlines the stock's potential upside, particularly if supported by continued strength in the HDD cycle, monetization of its SanDisk asset, and improved shareholder returns through potential dividend increases. Western Digital Corporation (NASDAQ:WDC) is a leading developer and manufacturer of data storage devices and solutions. The company's product range includes hard disk drives (HDDs), solid-state drives (SSDs), and external storage systems tailored for both consumer and enterprise markets. While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Best Tech Stocks to Buy According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-06-2025
- Business
- Yahoo
DELL's AI Server Strategy Could Boost EPS, Says Analyst
Dell Technologies Inc. (NYSE:DELL) is one of the . On June 26, Morgan Stanley analyst Erik Woodring reiterated the stock as 'Overweight' and kept the price target at $135.00. The firm said it is sticking with shares of Dell. Woodring believes that Dell is well-positioned to perform strongly in the AI server market, with significant growth anticipated in its AI server sales. Firm projections suggest a major increase beyond current estimates, which is likely to contribute positively to Dell's earnings per share. This is despite potential pressures on operating margins. A close up of a computer server rack powering the backbone of a wireless infrastructure. Dell has effective strategies in place for cost efficiency and storage outperformance, which is why Woodring is confident that Dell can handle margin pressures well. These strategies will help the company maintain operating margin expansion and also capitalize on the AI server market's growth. 'With conviction in DELL' s ability to offset gross margin pressure with cost efficiency in an AI server bull case, we remain OW-rated.' Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide. While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-06-2025
- Business
- Yahoo
DELL's AI Server Strategy Could Boost EPS, Says Analyst
Dell Technologies Inc. (NYSE:DELL) is one of the . On June 26, Morgan Stanley analyst Erik Woodring reiterated the stock as 'Overweight' and kept the price target at $135.00. The firm said it is sticking with shares of Dell. Woodring believes that Dell is well-positioned to perform strongly in the AI server market, with significant growth anticipated in its AI server sales. Firm projections suggest a major increase beyond current estimates, which is likely to contribute positively to Dell's earnings per share. This is despite potential pressures on operating margins. A close up of a computer server rack powering the backbone of a wireless infrastructure. Dell has effective strategies in place for cost efficiency and storage outperformance, which is why Woodring is confident that Dell can handle margin pressures well. These strategies will help the company maintain operating margin expansion and also capitalize on the AI server market's growth. 'With conviction in DELL' s ability to offset gross margin pressure with cost efficiency in an AI server bull case, we remain OW-rated.' Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide. While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and . Disclosure: None.
Business Wire
26-06-2025
- Business
- Business Wire
INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Apple Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SAN DIEGO--(BUSINESS WIRE)--The law firm of Robbins Geller Rudman & Dowd LLP Apple class action lawsuit. Captioned Tucker v. Apple Inc., No. 25-cv-05197 (N.D. Cal.), the Apple class action lawsuit charges Apple as well as certain of Apple's top current and former executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Apple class action lawsuit, please provide your information here: CASE ALLEGATIONS: The Apple class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Apple misstated the time it would take to integrate the advanced artificial intelligence ('AI')-based Siri features into its devices; (ii) accordingly, it was highly unlikely that these features would be available for the iPhone 16; (iii) the lack of such advanced AI-based features would hurt iPhone 16 sales; and (iv) as a result, Apple's business and/or financial prospects were overstated. The Apple class action lawsuit further alleges that on March 7, 2025, Apple announced it was indefinitely delaying promised updates to its Siri digital assistant. The Apple class action lawsuit alleges that on this news, the price of Apple stock fell. Then, on March 12, 2025, the Apple class action lawsuit further alleges that Morgan Stanley published a report in which analyst Erik Woodring lowered his price target on Apple from $275 to $252, asserting that the delay in introducing advanced Siri features would impact iPhone upgrade cycles throughout 2025 and 2026, and presenting evidence that roughly 50% of iPhone owners who did not upgrade to the iPhone 16 attributed their decision to such delays. On this news, the price of Apple stock fell further, according to the complaint. Thereafter, the Apple class action lawsuit alleges that on April 3, 2025, the Wall Street Journal published an article titled 'Apple and Amazon Promised Us Revolutionary AI. We're Still Waiting,' which stated, in relevant part, that '[w]ith 'more personal' Siri . . . , the tech giant[] marketed features [it] ha[s] yet to deliver,' and suggested that while 'this is challenging technology and the cost of getting it wrong is devastatingly high, especially for [a] compan[y] like Apple . . . that must build trust with customers,' 'the same responsibility applies to marketing: They shouldn't announce products until they're sure they can deliver them.' On this news, the price of Apple stock fell more than 7%, according to the complaint. Finally, on June 9, 2025, Apple hosted its Worldwide Developer Conference ('WWDC'), almost one year to the day after first announcing the suite of supposedly forthcoming Apple Intelligence features at the 2024 WWDC, and Apple failed to announce any new updates regarding advanced Siri features, according to the complaint. On this news, the price of Apple stock fell further, according to the complaint. Last year, Robbins Geller secured a $490 million recovery in a securities fraud class action case alleging Apple CEO Timothy Cook made false and misleading statements to investors – the third-largest securities class action recovery ever in the Northern District of California and the fifth-largest such recovery ever in the Ninth Circuit. In the order granting final approval of the settlement, the court recognized the 'skill and strategic vision, as well as the risk taken by [Robbins Geller]' in securing the sizeable recovery while efficiently managing the 'uniquely complex' aspects of the case against 'highly sophisticated and experienced counsel and defendants.' Learn more by clicking here. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Apple securities during the Class Period to seek appointment as lead plaintiff in the Apple class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Apple class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Apple class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Apple class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
