Dell Technologies price target raised to $126 from $89 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Dell Technologies (DELL) to $126 from $89 and keeps an Overweight rating on the shares. The firm expects a slight April quarter beat but unchanged fiscal year guidance as Dell balances AI infrastructure momentum with mixed traditional infrastructure checks and a volatile tariff backdrop, the analyst tells investors in a preview. The stock might “take a breather at earnings” given limited near-term estimate upside and recent outperformance, but the firm still likes the second half setup, the analyst added.