Dell Technologies (DELL) Named a Top AI Play by Deutsche Bank—Here’s Why

Dell Technologies Inc. (NYSE:DELL) is one of the 15 AI Stocks Making Waves on Wall StreetOn June 12, Deutsche Bank reiterated the stock as “Buy.” The firm said that the tech giant remains a top idea following a meeting with investor relations.

“We view DELL as a top beneficiary of elevated (and prioritized) investment in AI infrastructure…”

In other news, Wells Fargo analyst Aaron Rakers also maintained their bullish stance on DELL stock, giving a Buy rating on June 5. Rakers’ highlighted the company’s strong financial position and strategic initiatives for the rating.

This includes its robust backlog in AI-optimized servers that indicate strong demand and revenue potential, and also its purchase obligations and inventory levels, implying effective management of supply chain and production capabilities.

Moreover, Dell’s capital return strategy has also been deemed effective, which includes significant share repurchases and dividend increases. The approach highlights confidence in the company’s cash flow generation and also its commitment to returning value to shareholders.

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $140 implies a 24.6% upside; however, the Street-high target of $155 implies an upside of 37.97%.

Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide.

While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Buzzing AI Stocks on Latest News and Ratings and 10 Trending AI Stocks on Wall Street Right Now.

Disclosure: None.