Dell (DELL) Poised for Upside Across All Segments, Analysts Say

Dell Technologies Inc. (NYSE:DELL) is one of the AI Stocks Analysts Are Watching Closely. On August 18, Melius analyst Ben Reitzes raised the price target on the stock to $170.00 (from $148.00) while maintaining a Buy rating. The buy rating comes ahead of Dell’s upcoming earnings report due on August 28.

The firm believes that Dell is one of the best examples of a company executing well, and that it is sticking with the stock ahead of earnings.

“Dell is one of the best examples of a company that is executing well, dealing with tariffs adeptly, and readying itself for further growth in the nascent enterprise hardware cycle.”

Melius anticipates upside for all Dell’s business segments, which is why it has raised its estimates “materially” through fiscal year 2028.

A business person pointing to a graph displaying a company’s projected EBITDA growth.

In particular, Dell’s AI-server business holds significant long-term business potential.

“We are raising estimates materially for Dell through FY28 as we see upside in all segments and have a more constructive view on the hits from tariffs. By FY28, we also believe the attach rate of services and even storage could become more material for AI servers, which many on the street view as “empty calories”. Our target moves to $170 from $148 and we reiterate our Buy rating. Note that Dell reports F2Q26 EPS next week on August 28th.”

Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide.

While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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