Melius Raises Dell Technologies (DELL) Price Target to $200, Reiterates Buy Rating

Core Viewpoint - Dell Technologies Inc. is recognized as a significant player in the AI sector, with an increased price target of $200.00 from $172.00, reflecting confidence in its growth potential in AI servers and enterprise adoption [1][2]. Group 1: Financial Performance and Projections - Analyst Ben Reitzes raised the price target for Dell to $200.00 while maintaining a "Buy" rating, indicating strong confidence in the company's future performance [1]. - Dell is expected to grow its earnings per share (EPS) at a faster rate than previously anticipated, with an increase in the FY28 (CY27) EPS estimate and a target multiple raised to 15x from 13x [2]. - The potential for Dell to regain market share in storage could further enhance gross margins, suggesting a positive outlook for profitability [2]. Group 2: Market Position and Strategy - Dell is primarily recognized as a personal computer and server vendor, but its growth in AI servers and related services is a key factor in its ambitious targets [1]. - The company provides a range of IT solutions, including servers, storage, networking, and personal computing devices, catering to both businesses and consumers globally [2].