Morgan Stanley Lowers Dell Technologies (DELL) PT To $111 Citing Slowest Hardware Budget Growth in 15 Years

Dell Technologies Inc. (NYSE:DELL) is one of the stocks that should double by 2030. On January 20, Morgan Stanley analyst Erik Woodring lowered the firm’s price target on Dell Technologies to $111 from $113 while maintaining an Underweight rating. This adjustment followed a chief investment officer survey revealing the slowest hardware budget growth in 15 years.

This slow growth prompted the firm to adopt a more defensive stance despite AI tailwinds. Citing a perfect storm of cautionary factors and anticipated demand elasticity due to inflation, Morgan Stanley downgraded its overall sector view to Cautious.

On the same day, Citi analyst Asiya Merchant decreased the firm’s price target for Dell Technologies Inc. (NYSE:DELL) to $165 from $175 while keeping a Buy rating. The firm modified targets within the technology hardware sector for its 2026 outlook. Citi contends that hyperscaler data center investment remains robust and fuels demand for power, storage, connectors, and fiber.

Dell Technologies Inc. (NYSE:DELL) designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services internationally. The company has two segments: Infrastructure Solutions Group and Client Solutions Group.

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.

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Disclosure: None. This article is originally published at Insider Monkey.