Wells Fargo Says DELL Has 'More Room to Run' as AI Server Leader

Dell Technologies Inc. (NYSE:DELL) is one of the AI Stocks Investors Are Watching Right Now. On August 13, Wells Fargo reiterated the stock as “Overweight” stating that the shares of Dell have more room to run.

"We continue to see Dell as best-positioned AI server momentum story."

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $145 implies a 4.22% upside; however, the Street-high target of $165 implies an upside of 18.6%.

Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide.

While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Must-Watch AI Stocks on Wall Street and 10 AI Stocks Making Headlines This Week.

Disclosure: None.