Dell Technologies price target raised to $131 from $123 at Barclays

Barclays analyst Tim Long raised the firm’s price target on Dell Technologies (DELL) to $131 from $123 and keeps an Equal Weight rating on the shares following the earnings report. Dell posted higher revenue, but the mix of artificial intelligence server shipments knocked down gross margin, the analyst tells investors in a research note. The firm says that while the fiscal 2026 outlook moved, margins “will still be the bottleneck.”