-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。AI分野における成長を見込んで、目標株価を166ドルから239ドルに引き上げます。これは、2028年度（1月）のEPS予想の16倍に相当し、DELLの過去3年間の平均（約11倍）を上回ります。また、2027年度のEPS予想を0.31ドル引き上げて12.80ドルに、2028年度のEPS予想を0.49ドル引き上げて14.91ドルとします。世界のAIデータセンターへの投資は引き続き増加傾向にあり、DELLはAIサーバー分野での地位を確立していく中で、この勢いをさらに加速させていくと予想されます。また、サーバー業界の同業他社であるSMCIの最近の輸出規制問題により、ハイパースケーラー以外の事業の一部がDELLにシフトする可能性があり、これが最近のガイダンスの上振れ要因になると考えています。さらに、最近の買収の噂（NVDAは否定しているものの）は、DELLが重要なインフラプロバイダーとしての価値を際立たせ、過去最高水準を上回る株価倍率をさらに裏付けるものとなっています。メモリ不足は依然として大きなリスク要因ですが、2027年度のガイダンスを支える供給は完全に確保されているため、同社の短期的な利益率見通しに大きな打撃はないと考えています。メモリメーカーとの関係により、来年も同業他社に比べて有利な供給配分が実現すると予想しています。
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$HIG
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Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of Baker Hughes
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $14 to $82, reflecting a combination of our sum-of-the-parts (SOTP) and DCF models. For our SOTP model, we presume the oilfield services business (about 50% of BKR's franchise) to be valued at about 10x projected 2027 EBITDA (in line with major peers) and its industrial energy technology business (the other 50%) valued at 14x projected 2027 EBITDA (in line with the peer median). This blended approach, yielding a 12x multiple, implies a value of $73 per share. Meanwhile, our DCF model, using medium-term free cash flow growth of 5% per year, terminal growth of 2.5%, discounted at a WACC of 6.3%, yields intrinsic value of $91 per share. We cut our 2026 EPS estimate by $0.47 to $2.48, but we raise 2027's by $0.07 to $3.24. We acknowledge that the oilfield services business is likely to struggle in 2026 owing to the U.S.-Iran conflict, but the IET business appears quite robust and likely to be a source of both accelerating revenue growth and margins.
$BKR
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Research Alert: CFRA Maintains Hold Opinion In Shares Of Wab
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target to $285 from $275 following WAB's Q1 earnings print, valuing shares at 24.2x our 2027 EPS outlook of $11.76 (revised from $11.46; 2026 EPS estimate up to $10.57 from $10.50), a slight premium to WAB's long-term historical multiple average given structural improvements in earnings quality. While we are cautious on signs of overcapacity in the freight market, an elevated order backlog (12-month sits at over $9 billion), internal initiatives to shore up margins, and potential synergies from M&A activity positions WAB to continue growing earnings at double-digit rates in 2026-2027, in our view. Despite tariff-related cost pressures, WAB has done a commendable job of defending margins via a mix of pricing, lean manufacturing, and pruning of lower-profit operations. Q1 results were mixed but overall positive, in our view. We maintain our Hold recommendation on shares.
$WAB