Dell Technologies Stock Forecast 2025: Price Target $180 Amid Rising AI Demand
Discover why Dell Technologies' stock is set for a strong 2025 performance, driven by AI hardware growth and multiple market catalysts, with a $180 price target from Bank of America.
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Key Highlights
- Dell Technologies is expected to outperform in 2024 due to several growth drivers, including increasing AI demand, says Bank of America analyst.
- The surge in AI hardware needs is projected to boost Dell’s earnings significantly over time.
- Bank of America has reaffirmed a "buy" rating on Dell stock with a $180 per share price target.
Dell Technologies (ticker: DELL) is poised for remarkable growth in the coming year, fueled by multiple factors such as the expanding artificial intelligence (AI) market, according to Bank of America Securities analyst Wamsi Mohan.
Mohan highlights that Dell’s AI-focused hardware revenue and improving deferred revenue margins suggest substantial earning per share (EPS) growth potential.
Additionally, enhancements in PC shipment cycles and storage segment margins are expected to contribute further upside to Dell’s financial performance.
Bank of America Upholds "Buy" Rating on Dell Stock
Maintaining confidence in Dell’s prospects, Mohan reiterated a "buy" rating, citing AI-driven server growth, PC refresh cycles, and robust capital returns as key factors. The $180 price target remains unchanged.
Following an all-time high last month, supported by Morgan Stanley’s positive outlook on Dell’s AI momentum, the stock experienced some pullback after earnings reports but still gained approximately 79% year-to-date. As of Thursday afternoon, Dell shares traded up 2.5% at $135.20.
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