Evercore Boosts Dell Technologies Price Target to $160 on Strong AI Server Demand

Evercore ISI analyst Amit Daryanani raised Dell's price target to $160, citing strong demand for AI servers through FY26. Dell's guidance points to major gains in AI server revenues, with key customers including xAI and Coreweave. The firm expects Dell to ship $7B of AI servers in Q2 and sees potential upside to $17-20B for the year.

Evercore ISI analyst Amit Daryanani recently raised the price target for Dell Technologies Inc. (NYSE:DELL) to $160, up from $150, while maintaining an Outperform rating. The analyst cited strong demand for the company's artificial intelligence (AI) servers through fiscal year 2026 and beyond. According to Evercore ISI's supply chain checks, there is significant potential for upside in Dell's AI server momentum, driven by major gains in AI server revenues.

Dell's guidance points to substantial growth in AI server revenues, with key customers including xAI and Coreweave. The firm expects Dell to ship $7 billion of AI servers in Q2 and sees potential upside to $17-20 billion for the year. This optimism is further bolstered by the strong demand momentum from multiple Tier-2 cloud players.

The company's strategic partnerships and investments in AI infrastructure are also contributing to its growth trajectory. Dell is ramping up capacity with Oracle, and its key customers are driving demand for AI servers. The firm's focus on AI servers aligns with broader market trends, as AI-driven technologies continue to reshape various industries.

While Dell Technologies stands to benefit from the AI revolution, investors should be cautious about the broader market landscape. Certain AI stocks may offer greater upside potential and carry less downside risk. Investors seeking undervalued AI stocks with potential benefits from Trump-era tariffs and the onshoring trend should consider free reports from financial services companies [1].

References:
[1] https://finance.yahoo.com/news/evercore-boosts-dell-pt-160-211533724.html
[2] https://www.analyticsinsight.net/news/nvidia-stock-jumps-on-coreweave-investment-amid-ai-infrastructure-boost
[3] https://www.fool.com/investing/2025/08/19/coreweave-crwv-q2-earnings-3-must-know-numbers-for/