Analysts Raise Price Targets for Dell Technologies Ahead of Q2 Earnings

Dell Technologies (DELL) is garnering increased attention from Wall Street analysts as they revise price targets upward ahead of its second-quarter earnings report scheduled for August 28. The Optimism stems from robust demand for AI servers and enterprise solutions, with consensus estimates projecting earnings of $2.29 per share on revenue of $29.02 billion—a significant improvement from $1.89 per share and $25 billion in the year-ago quarter.

Morgan Stanley analyst Erik Woodring raised his price target from $135 to $144, maintaining a Buy rating. He emphasized Dell's leadership as an original equipment manufacturer for AI computing and its growing enterprise storage segment. Woodring also noted that cost-cutting measures could drive annual EPS growth exceeding 10%, outpacing the company's 8% target.

Evercore ISI's Amit Daryanani, a top-rated analyst, echoed the bullish sentiment, though his specific commentary was truncated in the source material. The broader market is watching whether Dell can sustain its momentum amid heightened expectations for AI-driven infrastructure demand.