BofA Raises Dell Technologies Price Target to $170

Bank of America Securities has maintained its 'Buy' rating on Dell Technologies while raising the price target to $170, reflecting optimism about the company's future growth, especially in AI server revenue. This comes amid multiple analyst upgrades and price target increases from firms including Goldman Sachs, Wells Fargo, Barclays, and Bernstein, signaling broad confidence in Dell's market position and financial prospects. Dell is expected to reveal new long-term guidance at its Securities Analyst Meeting, with Bank of America projecting 12% long-term revenue growth and 15% EPS growth. The company holds strong market shares in personal computers, peripheral displays, servers, and storage, supported by a robust partner ecosystem. Quarterly earnings recently surpassed expectations, bolstering positive sentiment among analysts who collectively rate the stock as a 'Moderate Buy.' Overall, Dell Technologies continues to attract positive analyst attention, suggesting sustained growth potential in the technology sector.