Analyst Wamsi Mohan from Bank of America Securities reiterated a Buy rating on Dell Technologies (DELL – Research Report) and keeping the price target at $150.00.
Wamsi Mohan has given his Buy rating due to a combination of factors including Dell Technologies’ strong positioning in the AI market and its strategic partnerships. At the Nvidia GTC 2025 conference, Dell was highlighted for its comprehensive AI infrastructure offerings, which include AI PCs and full racks with the latest Nvidia GPUs. This recognition underscores Dell’s significant role in the AI sector, as evidenced by its delivery of the Dell AI Factory to over 2200 customers and the introduction of 100 new solutions.
Moreover, Dell’s financial strategies, such as raising its dividend by 18% and authorizing a $10 billion buyback, demonstrate its commitment to returning value to shareholders. Despite a 15% decline in share price since the beginning of the year, Dell’s stock is trading at a relatively low multiple of 9.5 times the expected earnings for 2026, suggesting potential undervaluation. Additionally, strong checks from suppliers in Asia indicate a robust ramp-up for Dell’s GB200 systems, further supporting the Buy rating with a price objective of $150.
In another report released on March 20, Morgan Stanley also maintained a Buy rating on the stock with a $128.00 price target.
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