Wells Fargo Raises its Price Target on Dell Technologies (DELL)

Dell Technologies Inc. (NYSE:DELL) is one of the 10 Best Data Center Stocks with Huge Upside Potential.

On May 22, 2026, Wells Fargo analyst Aaron Rakers raised the firm’s price target on Dell Technologies Inc. (NYSE:DELL) to $270 from $180 and maintained an Overweight rating on the shares. Rakers said the key driver is the pull-forward of Dell’s implied $17-$18 per share EPS into 2028 following the stock’s 101% year-to-date move. Wells Fargo now estimates 2028 EPS at $17.67 per share.

Morgan Stanley analyst Erik Woodring also raised the firm’s price target on Dell Technologies Inc. (NYSE:DELL) to $170 from $110 and maintained an Underweight rating on the shares. Woodring said Dell’s near-term results are likely to be “very strong,” with a fiscal Q1 beat and raise expected from traditional servers, PCs, enterprise pull-forward, and accelerating AI server momentum. Woodring added that Dell now trades at an all-time premium to AI infrastructure peers, while second-half uncertainty remains.

Wells Fargo Raises its Price Target on Dell Technologies (DELL)

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On May 18, 2026, Dell Technologies Inc. (NYSE:DELL) introduced Dell Deskside Agentic AI, a new addition to the Dell AI Factory with NVIDIA (NVDA). Dell said the product gives workgroups the ability to deploy and scale agentic AI workflows locally without the cost, latency, and data sovereignty constraints of cloud-only approaches. The company also said the NVIDIA OpenShell runtime is now supported across the entire Dell AI Factory with NVIDIA.

Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports integrated technology solutions, products, and services internationally.

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 the cheapest AI stock.

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