Dell Rides An AI Wave: Analyst Cites $43 Billion Order Backlog

BofA Securities analyst Wamsi Mohan reiterated his bullish stance on Dell Technologies Inc (NYSE:DELL) , citing stronger-than-expected guidance and momentum in AI servers as key drivers behind his higher price forecast.EPS Growth Outlook Surprises To The UpsideMohan maintained a Buy rating on Dell and raised the price forecast from $135 to $155.The analyst noted that Dell guided fiscal 2027 EPS growth of about 25%, exceeding expectations for a cut to the previously communicated 15% growth target.He noted th ...