Dell stock gains as Morgan Stanley ups target on AI business momentum

) rose 2.7% ahead of the market open on Wednesday after Morgan Stanley analysts reiterated the company as their top pick and lifted their 12-month price target on the stock.

“Even after a >100% move in the T12M, DELL trades at just 13x our new FY26 EPS of $10.12 & remains the best way to play 1) building AI server momentum, 2) inflecting storage demand, and 3) an improving PC mkt,” analysts said in a note. As a result, the tech company now has the strongest forward spending intentions in over six years, analysts highlighted.

For the April quarter, they expect Dell to guide up EPS and highlight continued quarter-over-quarter AI server backlog growth.

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