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Evercore ISI Maintains an Outperform rating on Dell Technologies Inc. (DELL)
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Dell Technologies Inc. (NYSE:DELL) is one of the 7 Cheapest AI Data Center Stocks to Buy Now. On March 26, 2026, Evercore ISI analyst Amit Daryanani raised his price objective for Dell Technologies Inc. (NYSE:DELL) to $205 from $160 while maintaining an Outperform rating on the stock. The analyst noted various market drivers, including expectations of increased CPU-driven server demand, investor positioning around anticipated Nvidia supply reallocation following DOJ-related reports on Super Micro, and a divergence between OEM and memory stocks as DRAM and NAND prices fell. He also cited Google’s TurboQuant announcement as a sign of future efficiency advancements that might lower memory intensity in AI workloads and improve cost dynamics for manufacturers. On March 17, 2026, Reuters reported that Dell Technologies Inc. (NYSE:DELL) reduced its staff by around 10% in fiscal 2026, laying off approximately 11,000 employees and lowering its headcount to around 97,000 from 108,000 the previous year. Severance payments reached $569 million, down from $693 million the previous year, as the corporation limited external hiring to save money. The firm said its AI-optimized server business should double sales in fiscal 2027, and it announced a 20% increase in cash dividends as well as an additional $10 billion share repurchase program. Photo from Dell website Dell Technologies Inc. (NYSE:DELL) is a technology company. It offers customers a diverse and innovative solution portfolio to help them modernize their information technology infrastructure, address workforce transformation, and provide critical solutions that keep people and organizations connected. 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: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.