From Investors Business Daily: 2024-05-15 16:19:00

Dell Technologies is positioned as a top play in the artificial intelligence infrastructure buildout, leading to a surge in Dell stock. Morgan Stanley increased its price target to $152, labeling Dell as a “top pick” with forecasted earnings per share above consensus estimates for fiscal 2025 and 2026.

The momentum for Dell is reflected in potential AI server wins and an uptick in demand for storage, as well as a strengthening PC market. With the capital return program in place, Dell stock is making significant gains and receiving positive analyst reviews, including a change from OTR Global to upgrade from mixed to positive.

Dell stock’s performance in the Computer Hardware and Peripherals industry ranks favorably, sitting at third out of 15 stocks. With an impressive IBD Composite Rating of 80 out of 99, Dell is poised for further growth in the market. Engage with Patrick Seitz on previous reporting and industry insights.



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