Barclays upgraded Dell Technologies (DELL) to “Overweight” citing strong position in AI server infrastructure with $148 price target. Analyst Tim Long predicts $25 billion in AI server revenue this year, projecting growth through fiscal 2027. Dell maintains mid-single digit operating margins in AI server segment, balancing margin concerns. With expanding position in enterprise server and storage markets, Dell benefits from customer upgrades and supply chain leadership amid rising commodity costs. In Q3 2025, Dell reported record revenue of $27 billion driven by AI server orders reaching $12.3 billion, showing sustainable growth momentum. Analysts forecast DELL stock to gain 50% in next three years with average price target at $164.43.

Read more at Barchart: Barclays Calls This 1 AI Server Stock ‘Best in Class’ Amid Upgrade to ‘Overweight’ Rating