Melius Raises Dell Technologies (DELL) Price Target to $200, Reiterates Buy Rating

Dell Technologies Inc. (NYSE:DELL) is one of the AI Stocks Every Investor Should Watch. On October 8, Melius analyst Ben Reitzes raised the price target on the stock to $200.00 (from $172.00) while maintaining a “Buy” rating.

Reitzes noted that while Dell is seen mostly as a personal computer and server vendor, its “ability to grow faster in AI servers, attach services and see increased enterprise adoption” is the reason why its ambitious targets look feasible.

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“Bottom Line: Dell made a solid case for it to grow EPS much faster long-term than it thought only a few years ago. We see enterprise AI picking up steam as enterprises seek increased productivity and insights from data. We are slightly raising our FY28 (CY27) EPS estimate and increasing our target multiple to 15x from 13x, which could turn out to be too low if Dell can regain share in storage, which will help gross margins. Reiterate Buy – PT moves to $200 from $172.”

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

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