Dell Technologies, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Erik Woodring from Morgan Stanley maintained a Buy rating on the stock and has a $135.00 price target.
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Erik Woodring has given his Buy rating due to a combination of factors including the anticipated increase in Dell’s AI server system orders. The report highlights that Wistron, a key partner for Dell, is expected to see a significant rise in GB200 rack shipments, which is directly linked to Dell’s AI server orders. This uptick in shipments suggests a positive outlook for Dell’s revenue in the fiscal year 2026.
Furthermore, the timing of these shipments indicates a quarter-over-quarter increase in the third quarter, which aligns with a potential repeat purchase from one of Dell’s core customers. This expected growth in orders and shipments underpins the confidence in Dell’s performance, justifying the Buy rating.
In another report released on July 26, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $145.00 price target.
Based on the recent corporate insider activity of 129 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DELL in relation to earlier this year.