Erik Woodring, an analyst from Morgan Stanley, maintained the Buy rating on Dell Technologies (DELL – Research Report). The associated price target remains the same with $128.00.
Erik Woodring has given his Buy rating due to a combination of factors that highlight Dell Technologies’ strong position in the market. The company’s leadership in AI systems is expected to continue, with significant potential for growth in AI servers, which is currently undervalued by the market. Dell’s diversified customer base in AI servers, including various GPU clouds and infrastructure providers, is seen as a key strength that will support long-term opportunities.
Additionally, Dell’s focus on cost efficiency and strong free cash flow generation are considered protective measures against market volatility. Despite broader economic uncertainties, Dell’s alignment with top CIO spending priorities, particularly in AI and machine learning, positions it well for sustained revenue and earnings growth. These factors contribute to Woodring’s confidence in Dell’s ability to outperform market expectations and deliver shareholder value.
According to TipRanks, Woodring is a 3-star analyst with an average return of 1.5% and a 55.49% success rate. Woodring covers the Technology sector, focusing on stocks such as Apple, Dell Technologies, and Logitech.
In another report released on March 24, Bank of America Securities also reiterated a Buy rating on the stock with a $150.00 price target.