Dell (DELL) CEO Michael Dell is “Getting the Multiple,” Says Jim Cramer

Dell Technologies Inc. (NYSE:DELL) is one of Jim Cramer’s Top Iran War Stocks Revealed in This List of 10 Stocks. Computer hardware firm Dell Technologies Inc. (NYSE:DELL)’s shares have been on a tear recently. They are up by 24% over the past month and by 14% in April. The positive movement in Dell Technologies Inc. (NYSE:DELL)’s stock has been preceded and accompanied by analyst optimism. For instance, Bank of America raised the share price target to $205 from $172 and kept a Buy rating on the shares on April 8th. As part of its coverage, the bank remarked that Dell Technologies Inc. (NYSE:DELL) was executing well in the current AI infrastructure build-out and added that it has sufficient capacity to meet its fiscal year 2027 guidance. In March, Goldman Sachs had also discussed the firm and raised the share price target to $195 from $180 and kept a Buy rating. Wolfe Research initiated coverage on April 9th and set a Peer Perform rating. The financial firm pointed out that the hardware company could experience risks from supply constraints and memory pricing. Recently, AI hardware firm Super Micro has also been in the news as its executives are facing legal actions for purportedly smuggling AI GPUs. Cramer discussed Dell Technologies Inc. (NYSE:DELL) in this context:

“I thought that was a significant call because Michael Dell has said over and over again, when am I going to get the multiple. And he’s getting the multiple.

“But how about the fact that their principal competitor Super Micro, I have to say is just in big trouble? They’re in trouble, and SMC[sic], you’re thinking about putting an order with SMCI or Dell, where one may be, and for all you, may be shut down. I mean there seem to be some sort of serious issues there, and I think that has to help Michael.”

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