Dell Technologies (DELL) is “the best way to play” the artificial intelligence infrastructure build-out, investment bank Morgan Stanley said Wednesday. Dell stock jumped on the news.


Morgan Stanley analyst Erik Woodring reiterated his overweight, or buy, rating on Dell stock and raised his price target to 152 from 128. He also calls Dell stock a “top pick.”

In morning trades on the stock market today, Dell stock surged more than 5% to 141.60. Earlier in the session, it notched an all-time high of 143.81.

In a client note, Woodring said Dell is benefiting from AI server sales momentum, inflecting storage demand and an improving PC market.

Meanwhile, its capital return program through dividends and share buybacks is an “added kicker,” he said.

Dell Stock Gets Upgraded To Buy

Morgan Stanley now forecasts Dell earnings per share of $8.06 in fiscal 2025 and $10.12 in fiscal 2026, both above consensus estimates.

Woodring said his firm’s sales channel checks indicated that Dell is gaining momentum in enterprise IT infrastructure, including competitive AI server wins.

On Monday, OTR Global upgraded Dell stock to positive from mixed following checks with 17 channel partners in North America, Europe and China.

Dell stock ranks third out of 15 stocks in IBD’s Computer Hardware and Peripherals industry group, according to IBD Stock Checkup. It has an IBD Composite Rating of 80 out of 99.

Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.


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