Dell (DELL) and HPE Stock Price Targets Lifted by BofA on Agentic AI Surge – Blockonomi

Key Highlights

• BofA raised Dell’s price target to $246 (from $205) and HPE to $38 (from $32).
• Analyst Wamsi Mohan maintains buy recommendations for both technology companies
• Sequential AI agent workflows are driving demand for CPU-intensive servers and storage systems
• Dell controls approximately 12% of AI server market revenue; HPE Projected to Reach $6.5 Billion in AI Server Sales by 2026
• BofA acknowledges that its forecasts may underestimate the acceleration of agent AI adoption

Bank of America Securities raised its price targets for Dell Technologies and Hewlett Packard Enterprise this week, pointing to agent AI as a major driver for increased demand in both artificial intelligence and conventional server equipment.

Dell Technologies Inc., DELL

Analyst Wamsi Mohan increased dell price target of $246 from $205, while raising HPE’s target to $38 from $32, maintaining buy recommendations on both companies.

These target increases are not…