BofA Securities Raises PT on Dell Technologies (DELL) Stock

Dell Technologies Inc. (NYSE:DELL) is one of the Best Multibagger Stocks to Buy for Long Term. On April 8, BofA Securities lifted its price objective on the company’s stock to $205 from $172, while maintaining a “Buy” rating on the shares. The new price target reflects an upside of ~15.3% from the current market price of $177.8.

BofA Securities Raises PT on Dell Technologies (DELL) Stock

The firm’s analyst, Wamsi Mohan, believes that Dell Technologies Inc. (NYSE:DELL) has been executing from a position of strength in the broader AI infrastructure buildout. The company possesses enough supply and operational capacity to deliver the fiscal 2027 guidance. Its CEO noted that AI demand remains strong, highlighting AI as the foundational shift. Overall, the firm opines that robust execution, increased attachment of Dell intellectual property in storage, and early stages of enterprise AI adoption are the factors behind maintaining the rating on the company’s stock.

Also, Dell Technologies Inc. (NYSE:DELL)’s differentiated capability to deliver at scale places it to compound EPS growth and FCF across the AI cycle.

Dell Technologies Inc. (NYSE:DELL) is engaged in designing, developing, manufacturing, marketing, selling, and supporting various comprehensive and integrated solutions, products, and services.

While we acknowledge the risk and potential of DELL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DELL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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