Dell Technologies Inc. (NYSE:DELL) is one of the 10 best computer hardware stocks to buy for the next 5 years.
On May 29, David Vogt of UBS significantly increased the price target from $243 to $440 for Dell Technologies Inc. (NYSE:DELL), resulting in a revised upside potential of almost 12%
The analyst also maintained his Neutral rating on the stock. It was pointed out by the analyst that Dell had made a spectacular quarter, which was largely powered by the demand for AI and non-AI servers. But Vogt believes that, even though the stock is highly valued at present, investors will evaluate it based on the limited guidance it offers.
The reasons for this cautious assessment include concerns about unsustainable CSG, ongoing supply issues, and projected lower earnings in the second half of the year. On May 29, James Fish of Piper Sandler increased the target price for Dell Technologies Inc. (NYSE:DELL) from $167 to $497, leading to an adjusted upside of 26%. The analyst reaffirmed his Overweight rating on the shares.