Home / Business and Economy / Wells Fargo Boosts Dell Price Target
Wells Fargo Boosts Dell Price Target
31 May
Summary
- Wells Fargo raised Dell's price target to $270.
- Morgan Stanley noted Dell's premium to AI peers.
- Dell launched Deskside Agentic AI for local workflows.
Wells Fargo analyst Aaron Rakers significantly boosted Dell Technologies Inc. (DELL) to $270, maintaining an Overweight rating. This adjustment reflects an anticipated pull-forward of Dell's earnings per share into 2028. The firm now projects $17.67 EPS for that year, a notable increase.
Concurrently, Morgan Stanley's Erik Woodring raised Dell's price target to $170 but kept an Underweight rating. Woodring anticipates very strong near-term results, with fiscal Q1 expected to beat forecasts due to traditional servers, PCs, and accelerating AI server momentum. However, he notes Dell now commands an all-time premium over AI infrastructure peers, with second-half uncertainties remaining.
On May 18, 2026, Dell unveiled Dell Deskside Agentic AI, integrating with NVIDIA. This new product enables workgroups to deploy agentic AI workflows locally, bypassing cloud-related costs, latency, and data sovereignty issues. The Dell AI Factory with NVIDIA now also supports the NVIDIA OpenShell runtime across its offerings.
