AI server orders are expected to increase. Morgan Stanley reiterated their "hold" rating on Dell Technologies, Inc. Class C Technology (DELL.US).

Morgan Stanley recently released a research report, reaffirming its "overweight" rating on Dell Technologies, Inc. Class C technology (DELL.US) with a target price of $128, citing the potential increase in artificial intelligence (AI) server orders from a major Tier 2 cloud service provider. Morgan Stanley analyst Erik Woodring referenced Howard Kao's revised forecast for the shipment volume of the Wiwynn GB200 rack, which increased from around 2500 to 4000 due to increased demand from major enterprise clients in the U.S. As Wiwynn is a major ODM partner of Dell Technologies, Inc. Class C for the GB200, this upward revision is seen as a positive indicator for Dell Technologies, Inc. Class C's 2026 fiscal year AI server backlog orders and revenue. While the specific clients are not clear yet, Morgan Stanley expects an increase in shipment volume in the second quarter of 2025. TipRanks data shows that overall, Wall Street analysts have a "strong buy" rating on Dell Technologies, Inc. Class C technology, with an average target price of $137.36, representing a 51% upside from the current price level.