Evercore ISI Adjusts Price Target on NetApp to $210 From $170

Evercore ISI analyst Mark Mahaney predicts Meta (META) could generate $22B in annual gross revenue by 2027 from renting excess AI computing capacity, raising his price target to $860. Meta plans to double its computing capacity to 14 gigawatts by 2027, with potential surplus to rent out. Analysts estimate 7% of this capacity could yield $22B in revenue and $4.32 in EPS. GPU rental prices are also being tracked as an indicator.

Evercore ISI reiterated an Outperform rating and $365 price target on Apple (AAPL) after the company launched refreshed Mac mini models with M6 and M5 Pro chips. The new models feature improved AI performance, graphics, and storage. Apple's stock has returned 37% over the past year but is considered overvalued relative to its Fair Value, according to InvestingPro data. Walmart will implement Apple Pay by 2026, and Apple is modifying ad tracking rules following a German competition authority inve

Evercore ISI added Dell Technologies (NYSE:DELL) to its 'tactical outperform list' ahead of earnings, citing strong AI server demand and supply constraints. The firm expects a solid quarterly beat and raised fiscal 2027 guidance, with AI servers as the main growth driver. Street estimates project $44.9B revenue and $4.89 EPS, up 51% YoY. Dell's AI backlog stands at $51.3B, with supply constraints expected to persist.

SAP, Progress, and NetApp are acquiring companies to enhance their AI data infrastructure. SAP acquired Dremio for real-time analytics, Progress plans to buy Domo's AI assets for $400M, and NetApp acquired DataPelago for GPU-accelerated data processing. Gartner forecasts AI-optimized infrastructure spending to reach $42.3B in 2026, with inference spending at $23.3B. Data quality and availability are cited as major barriers to enterprise AI adoption.

Evercore ISI raised Dell Technologies' (DELL) price target to $550, citing growth in its storage portfolio and AI infrastructure. The firm expects storage demand to increase, driving revenue and profit acceleration. Dell's stock has returned 251% over the past year, with a PEG ratio of 0.38, according to InvestingPro.

Evercore ISI raised its price target for Dell Technologies to $550 from $500, maintaining an outperform rating. The company's stock closed at $468.65, down 2.33%. The adjustment reflects changes in valuation and earnings per share revisions.