BofA Securities maintains Buy rating on Dell over AI

Bank of America Securities maintains its Buy rating on Dell Technologies (DELL) with analyst Wamsi Mohan's price target currently sitting at $180 per share. The Market Domination team reviews Mohan's note, which underlines the opportunities for the computer company within sovereign AI.

Morgan Stanley reiterated its "top pick" status for Dell on Monday, which has an Overweight rating on the stock.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Luke Carberry Mogan.

Video transcript

B of a security is coming out with a new note today on Dell maintaining its buy rating and noting Sovereign A. I demand as a large future opportunity.

Nice pop in Dell.

This is interesting because Dell reported, and then remember this talk sank.

But now the street, we're getting this kind of consistent flow of bullish notes, obviously exciting investors.

Delays is Bank of America.

The there is wy Mohan.

Smart guy does good work.

Um, he hosted investor meetings with CEO Michael de CFO Uh, Yvonne McGill says.

We walked away confident in the multi year opportunity related to a I, he says talks about how a I server margins And of course, that was That was a big sticking point when, when Dell last reported investors were were disappointed.

But WSI argued that those margins have runway to grow over time.

Investors clear like the sound of that, Yeah, and he's confident enough he's got the price target of 180 on the shares, and you talked about the stock pulling back a little bit after the earning and then bounce again.

I mean, it's still just about doubled this year, so even with that pullback, post earnings.

It has still seen this big increase here.

And just like the note we were talking about yesterday on Dell, um, the the, uh, price target increase there.

Um, again, this talks to see demand talks about demand from cloud service providers.

Uh um, as well as enterprise A I kind of driving this cycle and also that margin, um, tail wind that you talked about as well.