Dell Stock Just Got a New Street-High Price Target. Should You Buy Shares Here?

Dell Technologies (DELL) isn’t operating in an easy enterprise spending environment right now. IT budgets are still tight in some pockets, a messy tariff situation keeps everyone guessing, and the company is trying to manage explosive growth in AI servers while margins in that part of the business stay thin. 

Now Dell’s stock just got a fresh Street-high price target. Bank of America raised its target to $246 from $205, pointing to agentic AI as the next big demand driver. That’s not automatically a reason to buy hand over fist, but it does add another layer of conviction around a stock that does not need much more of it.