Dell Technologies (DELL – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Wamsi Mohan from Bank of America Securities reiterated a Buy rating on the stock and has a $150.00 price target.
Wamsi Mohan’s rating is based on several positive indicators for Dell Technologies. The company has shown strong growth in its AI server segment, with a significant backlog that suggests continued demand. This growth is complemented by an increase in storage margins, which supports overall profitability as Dell transitions to its own intellectual property.
Additionally, Dell’s commercial focus and pricing strategies are expected to mitigate potential impacts from commodity pressures and tariffs. The company’s recent share repurchase authorization and dividend increase further demonstrate confidence in its financial health. Overall, Dell is well-positioned for growth in fiscal year 2026, particularly as the market for AI and PC refresh cycles expand, justifying the Buy rating.
Mohan covers the Technology sector, focusing on stocks such as Apple, HP, and International Business Machines. According to TipRanks, Mohan has an average return of 10.9% and a 58.31% success rate on recommended stocks.
In another report released today, Citi also maintained a Buy rating on the stock with a $145.00 price target.
