From Yahoo Finance: 2025-05-30 12:55:00

Dell Technologies shares are down 5% in 2025. Analysts raised price targets after mixed quarterly results, highlighting strong AI server business. Dell reported a $14.4 billion AI server backlog and plans to deploy $7 billion this quarter. JPMorgan cited clearer supply chain picture and Nvidia’s results for improved outlook.

JPMorgan raised price target to $125, citing Dell’s AI server backlog and better supply visibility. Shares down 3% at $109, with potential 15% upside. Citi, Morgan Stanley, and Bank of America also raised targets to $135, $135, and $155 respectively. UBS adjusted target to $145 despite trimming it.

Despite strong order numbers, UBS expects Dell shares to rise. They caution about inconsistent timing of orders and revenue recognition. Dell expects to deploy $7 billion in AI servers this quarter and over $15 billion in 2025. Analysts are bullish on Dell’s competitive AI portfolio.

Read more: Why These Wall Street Analysts Are More Bullish on Dell After Mixed Results