Dell Technologies (DELL) is one of the best-performing tech stocks in 2024, boasting a total return (price change plus dividends) of nearly 74% for the year to date through the June 12 close. This upside hasn't gone unnoticed by Wall Street pros and one group in particular thinks DELL can rally another 30% from here.
In late May, BofA Securities upped its price target on Dell stock to $180 from $130, citing strong momentum into 2025 on improving demand for the company's artificial intelligence (AI) servers and high-end storage, as well as a recovery in personal computers (PCs). BofA reiterated its price target and its Buy rating on Dell in a June 13 note.
