Jun. 23 at 11:29 AM
$DELL Dell Technologies price target raised to
$477 from
$448 at Morgan Stanley
Morgan Stanley raised the firm's price target on Dell Technologies (DELL) to
$477 from
$448 and keeps an Equal Weight rating on the shares. Dell and HPE (HPE) earnings illustrate how enterprise server demand is proving far more inelastic than expected despite significant price increases given compute shortages, refresh activity, and growing AI-related infrastructure needs, the analyst tells investors. Street estimates for 2026 and 2027 "look too low," adds the analyst, who is raising EPS estimates 5%-6% for compute exposed names.
