Evercore ISI Maintains an Outperform rating on Dell Technologies Inc. (DELL)

Dell Technologies Inc. (NYSE:DELL) is one of the 7 Cheapest AI Data Center Stocks to Buy Now.

On March 26, 2026, Evercore ISI analyst Amit Daryanani raised his price objective for Dell Technologies Inc. (NYSE:DELL) to $205 from $160 while maintaining an Outperform rating on the stock. The analyst noted various market drivers, including expectations of increased CPU-driven server demand, investor positioning around anticipated Nvidia supply reallocation following DOJ-related reports on Super Micro, and a divergence between OEM and memory stocks as DRAM and NAND prices fell. He also cited Google’s TurboQuant announcement as a sign of future efficiency advancements that might lower memory intensity in AI workloads and improve cost dynamics for manufacturers.

On March 17, 2026, Reuters reported that Dell Technologies Inc. (NYSE:DELL) reduced its staff by around 10% in fiscal 2026, laying off approximately 11,000 employees and lowering its headcount to around 97,000 from 108,000 the previous year. Severance payments reached $569 million, down from $693 million the previous year, as the corporation limited external hiring to save money. The firm said its AI-optimized server business should double sales in fiscal 2027, and it announced a 20% increase in cash dividends as well as an additional $10 billion share repurchase program.

Evercore ISI Maintains an Outperform rating on Dell Technologies Inc. (DELL)

Photo from Dell website

Dell Technologies Inc. (NYSE:DELL) is a technology company. It offers customers a diverse and innovative solution portfolio to help them modernize their information technology infrastructure, address workforce transformation, and provide critical solutions that keep people and organizations connected.

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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