Morgan Stanley raised the firm’s price target on Dell Technologies (DELL) to $135 from $126 and keeps an Overweight rating on the shares. Fiscal Q1 results were mixed, but momentum should be building into rest of year, says the analyst, whose FY26 EPS estimates move 3% higher as the firm embeds the stronger Q2 guidance and a slightly better second half outlook as a result of continued AI server momentum.
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