Analysts Raise Targets

Analysts have responded with aggressive price targets: Wells Fargo’s Aaron Rakers raised his target to $270 from $180; Morgan Stanley’s Erik Woodring lifted it to $170 from $110; Bank of America’s Wamsi Mohan increased his target to $500, citing Dell’s multi‑layered growth thesis that extends beyond AI servers into intelligent security and cloud workloads. The firm’s market value sits at about 24× management’s adjusted earnings guidance, a multiple the analysts view as fair given the growth pace.