Dell Technologies Inc. (NYSE:DELL) is one of the Trending AI Stocks on Wall Street’s Radar. On October 22, Piper Sandler initiated the stock as “overweight” and with a price target of $172. The firm believes Dell’s opportunities are “strong.”
According to analysts at Piper Sandler, Dell should be one of the “major beneficiaries” of a strong enterprise data center upgrade, which “looks particularly strong by 2026.”
He also pointed to the buildout of AI infrastructure and the upcoming end of life of Windows 10 as additional catalysts, stating that “~50% of units still need to be updated.” With shares “up ~3.5x since November 2022,” Dell is now considered an AI beneficiary, as 45% of its server business is AI-related.
However, the company continues to face “a secular headwind in enterprises’ shift to the cloud” and likely market share losses in PCs.
“Positively, Dell should be a major beneficiary of the upcoming enterprise data center upgrade that looks particularly strong for 2026, AI infrastructure development, and Win-10 end-of-life where ~50% of drives still need to be upgraded or remain vulnerable.”
Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking and personal computing devices, to businesses and consumers around the world.
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