Dell Technologies price target raised to $240 from $205 at Evercore ISI

Evercore ISI raised the firm’s price target on Dell Technologies (DELL) to $240 from $205 and keeps an Outperform rating on the shares after Boost Run announced a $1.4B purchase agreement with Dell for AI-related infrastructure. While the announcement didn’t provide details on the timing of deployment, it did note that the pact includes hardware and software, the analyst points out. Though today’s agreement is “modest relative to Dell’s FY26 AI server revenue guide of ~$50 billion,” the Boost Run agreement serves as an early proof point that enterprise AI infrastructure demand is real scaling and beginning to translate into committed, long-term deals, the analyst tells investors.